Zacks Investment Research Downgrades Culp (CULP) to Sell
Culp (NYSE:CULP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Culp, Inc. manufactures, sources, markets, and sells mattress fabrics and upholstery fabrics. The Company’s fabrics are used in the production of residential and commercial furniture and bedding products, including sofas, recliners, chairs, loveseats, sectionals, sofa-beds, office seating, panel systems, and mattress sets. It operates in two segments, Mattress Fabrics and Upholstery Fabrics. The Mattress Fabrics segment offers woven jacquard, knitted, and converted fabrics for covering mattresses, box springs, and foundations. The Upholstery Fabric segment provides synthetic leathers, velvets, woven jacquards, woven dobbies, and suedes. Culp, Inc. is headquartered in High Point, North Carolina. “
Separately, ValuEngine upgraded Culp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
Shares of Culp (NYSE:CULP) opened at $32.30 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 2.44 and a debt-to-equity ratio of 0.03. Culp has a 12 month low of $26.15 and a 12 month high of $37.80. The company has a market capitalization of $407.87, a PE ratio of 19.52 and a beta of 0.28.
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Culp Company Profile
Culp, Inc is a producer of mattress fabrics and marketer of upholstery fabrics for furniture in North America. The Company is engaged in the manufacture, sourcing and marketing of mattress fabrics and sewn covers used for covering mattresses and box springs, and upholstery fabrics, including cut and sewn kits used in production of upholstered furniture.
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