Culp, Inc. (NYSE:CULP) shares hit a new 52-week high and low on Thursday . The company traded as low as $25.02 and last traded at $26.55, with a volume of 1733 shares changing hands. The stock had previously closed at $26.60.
CULP has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Culp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. ValuEngine cut shares of Culp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, TheStreet lowered shares of Culp from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th.
The company has a market cap of $392.80 million, a PE ratio of 15.45 and a beta of 0.17.
Several institutional investors and hedge funds have recently bought and sold shares of CULP. Wells Fargo & Company MN purchased a new stake in shares of Culp during the first quarter valued at approximately $572,000. Rhumbline Advisers bought a new stake in shares of Culp in the first quarter worth $295,000. Wedge Capital Management L L P NC bought a new stake in shares of Culp in the first quarter worth $671,000. Victory Capital Management Inc. bought a new stake in shares of Culp in the first quarter worth $38,534,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Culp in the first quarter worth $728,000. Institutional investors own 86.17% of the company’s stock.
Culp Company Profile
Culp, Inc manufacturers, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in North America, the Far East, Asia, and internationally. It operates through two segments, Mattress Fabrics and Upholstery Fabrics.
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