Culp (NYSE:CULP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued 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 lowered shares of Culp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th.

Culp (NYSE CULP) traded down $0.15 during mid-day trading on Tuesday, hitting $32.80. 17,771 shares of the stock traded hands, compared to its average volume of 28,895. The firm has a market capitalization of $407.45, a price-to-earnings ratio of 19.41 and a beta of 0.25. Culp has a twelve month low of $26.15 and a twelve month high of $37.80. The company has a quick ratio of 1.11, a current ratio of 2.44 and a debt-to-equity ratio of 0.03.

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About Culp

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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