Investment analysts at StockNews.com began coverage on shares of Culp (NYSE:CULP – Get Rating) in a report issued on Friday. The firm set a “sell” rating on the textile maker’s stock.
Culp Stock Performance
Shares of CULP opened at $5.61 on Friday. The stock has a fifty day moving average of $5.39 and a two-hundred day moving average of $4.94. The company has a market capitalization of $69.06 million, a PE ratio of -2.09 and a beta of 1.22. Culp has a fifty-two week low of $3.94 and a fifty-two week high of $8.30.
Insider Buying and Selling at Culp
In other news, insider Thomas Bruno acquired 9,000 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The stock was acquired at an average cost of $4.59 per share, for a total transaction of $41,310.00. Following the acquisition, the insider now directly owns 10,000 shares in the company, valued at approximately $45,900. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders acquired 14,840 shares of company stock worth $72,207. Insiders own 5.10% of the company’s stock.
Institutional Trading of Culp
Culp, Inc engages in the design, manufacture, and trade of mattresses and upholstery products. It operates through the Mattress Fabrics and Upholstery Fabrics segments. The Mattress Fabrics segment markets and sells covers and beddings under the Culp Home Fashions brand. The Upholstery Fabrics segment produces and supplies fabrics for residential and commercial manufacturers.
- Get a free copy of the StockNews.com research report on Culp (CULP)
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