BOSTON ( TheStreet) -- U.S. indices fell into the red Friday afternoon, ending a month of declines. Here are three stocks that hit 52-week highs amid the pessimism.
3. Culp (CFI) increased 4.6% to $12.94. Shares of the specialty textiles company have risen 32% during the past month.
The numbers: Fiscal second-quarter profit more than doubled to $2.9 million, or 22 cents a share. Revenue declined 5% to $50 million. Culp's operating margin widened from 4% to 8%. The company has $20 million of cash and $17 million of debt.
The stock: We rate Culp "buy." The stock has soared almost sixfold during the past year, beating major U.S. indices and earning a performance score of 9.2 out of 10. Shares are cheap relative to those of textile, apparel and luxury good peers based on projected earnings, book value, sales and cash flow.
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