Culp, Inc. (CULP) Downgraded by ValuEngine

ValuEngine downgraded shares of Culp, Inc. (NYSE:CULP) from a buy rating to a hold rating in a report released on Thursday.

Culp (NYSE:CULP) traded down $0.15 during trading hours on Thursday, reaching $28.75. The company had a trading volume of 17,400 shares, compared to its average volume of 29,630. The firm has a market capitalization of $357.68, a price-to-earnings ratio of 15.71 and a beta of 0.27. 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 fifty-two week low of $27.00 and a fifty-two week high of $37.80.

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The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.32 annualized dividend and a yield of 1.11%. Culp’s dividend payout ratio is presently 18.18%.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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