Culp (NYSE:CULP) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Culp (NYSE:CULP) in a note issued to investors on Monday. The brokerage set a “hold” rating on the textile maker’s stock.

Culp Stock Performance

Shares of NYSE:CULP opened at $4.51 on Monday. Culp has a 52-week low of $4.20 and a 52-week high of $5.99. The company has a market capitalization of $56.24 million, a P/E ratio of -4.10 and a beta of 1.27. The company has a 50-day simple moving average of $4.65 and a 200 day simple moving average of $5.08.

Culp (NYSE:CULP) last issued its earnings results on Wednesday, March 6th. The textile maker reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.10). Culp had a negative net margin of 5.75% and a negative return on equity of 15.58%. The firm had revenue of $60.42 million during the quarter, compared to analyst estimates of $58.98 million. As a group, equities analysts forecast that Culp will post -1.09 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new position in Culp in the 3rd quarter valued at about $68,000. Essex Investment Management Co. LLC bought a new position in Culp in the 4th quarter valued at about $256,000. Finally, Gate City Capital Management LLC bought a new position in Culp in the 4th quarter valued at about $6,010,000. 75.05% of the stock is owned by institutional investors.

Culp Company Profile

Culp, Inc manufactures, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in the United States, North America, the Far East, Asia, and internationally. It operates in two segments, Mattress Fabrics and Upholstery Fabrics.