Culp, Inc. (CULP)’s Trend Up, Especially After Today’s Strong Session

September 17, 2017 - By Stephen Andrade

The stock of Culp, Inc. (NYSE:CULP) is a huge mover today! The stock increased 5.04% or $1.45 on September 15, reaching $30.2. About 76,972 shares traded or 222.86% up from the average. Culp, Inc. (NYSE:CULP) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.
The move comes after 5 months positive chart setup for the $375.72 million company. It was reported on Sep, 17 by Barchart.com. We have $31.71 PT which if reached, will make NYSE:CULP worth $18.79 million more.

Analysts expect Culp, Inc. (NYSE:CULP) to report $0.33 EPS on December, 7.They anticipate $0.14 EPS change or 29.79 % from last quarter’s $0.47 EPS. CULP’s profit would be $4.11M giving it 22.88 P/E if the $0.33 EPS is correct. After having $0.40 EPS previously, Culp, Inc.’s analysts see -17.50 % EPS growth.

More notable recent Culp, Inc. (NYSE:CULP) news were published by: Bizjournals.com which released: “Triad fabrics manufacturer eyes purchase of Chinese company” on September 01, 2017, also Seekingalpha.com with their article: “Culp’s Higher Margins And Lower Share Price Could Present An Opportunity Soon” published on July 31, 2017, Bizjournals.com published: “Culp expands Triad distribution center, will move Stokesdale operation” on June 16, 2017. More interesting news about Culp, Inc. (NYSE:CULP) were released by: Streetinsider.com and their article: “Culp, Inc. (CULP) Reports Q1 EPS of $0.40; Company Signs Letter of Intent for …” published on August 30, 2017 as well as Globenewswire.com‘s news article titled: “Culp, Inc. to Broadcast First Quarter Fiscal 2018 Conference Call Live on the …” with publication date: August 25, 2017.

Culp, Inc. is a producer of mattress fabrics and marketer of upholstery fabrics for furniture in North America. The company has market cap of $375.72 million. The Firm 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. It has a 17.19 P/E ratio. The Firm operates through two divisions: mattress fabrics and upholstery fabrics.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.