Shares of Culp, Inc. (NYSE:CULP - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.27 and traded as high as $5.94. Culp shares last traded at $5.87, with a volume of 62,368 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of Culp in a research note on Wednesday. They set a "hold" rating on the stock.
Read Our Latest Research Report on Culp
Culp Trading Up 1.2 %
The company's 50 day simple moving average is $5.34 and its 200 day simple moving average is $5.27. The stock has a market capitalization of $73.72 million, a PE ratio of -3.49 and a beta of 1.20.
Insider Transactions at Culp
In other news, CEO Robert George Iv Culp acquired 8,508 shares of the company's stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average cost of $5.42 per share, for a total transaction of $46,113.36. Following the acquisition, the chief executive officer now directly owns 78,029 shares in the company, valued at approximately $422,917.18. This represents a 12.24 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mary Elizabeth Hunsberger bought 5,000 shares of Culp 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 acquisition, the insider now directly owns 15,000 shares of the company's stock, valued at $83,250. The trade was a 50.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 29,405 shares of company stock worth $154,877 over the last quarter. 7.30% of the stock is currently owned by insiders.
Institutional Trading of Culp
An institutional investor recently raised its position in Culp stock. Geode Capital Management LLC lifted its stake in Culp, Inc. (NYSE:CULP - Free Report) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,825 shares of the textile maker's stock after buying an additional 12,830 shares during the period. Geode Capital Management LLC owned approximately 0.83% of Culp worth $680,000 as of its most recent SEC filing. 75.05% of the stock is currently owned by institutional investors and hedge funds.
About Culp
(
Get Free Report)
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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