StockNews.com started coverage on shares of Culp (NYSE:CULP – Free Report) in a report published on Friday morning. The firm issued a hold rating on the textile maker’s stock.
Culp Stock Performance
Culp stock opened at $5.18 on Friday. The company has a 50-day simple moving average of $5.31 and a 200-day simple moving average of $5.46. The firm has a market capitalization of $64.99 million, a P/E ratio of -3.08 and a beta of 1.06. Culp has a one year low of $4.20 and a one year high of $6.85.
Insider Transactions at Culp
In related news, insider Mary Elizabeth Hunsberger bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of $5.55 per share, for a total transaction of $27,750.00. Following the transaction, the insider now directly owns 15,000 shares of the company’s stock, valued at approximately $83,250. This represents a 50.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Aron R. English bought 6,077 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $5.05 per share, with a total value of $30,688.85. Following the transaction, the insider now directly owns 1,711,304 shares in the company, valued at $8,642,085.20. This represents a 0.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 46,827 shares of company stock worth $234,598. Insiders own 7.30% of the company’s stock.
Hedge Funds Weigh In On Culp
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.
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