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.

2. Lancaster Colony ( LANC), an "Under-the-Radar" pick, jumped 1.6% to $54.55. Shares of the food products company have increased 8.3% during the past month.

The numbers: Fiscal second-quarter profit increased 39% to $40 million, or $1.40 a share, as revenue climbed 5.5% to $304 million. Lancaster's operating margin expanded from 12% to 20%. The company has an ideal financial position, with $91 million of cash and no debt.

The stock: We rate Lancaster Colony "buy." The stock has surged 47% during the past year, outperforming major U.S. indices. The shares are still cheap compared to those of packaged-food peers based on earnings, projected earnings, book value and sales.

1. Sirius XM Radio ( SIRI) rose 3.4% to 84 cents. Though the company has not released fourth-quarter results, the shares soared 26% this week on news that the company expects $100 million of free cash flow in fiscal-2009. Lazard Capital Markets initiated coverage at "buy."

The numbers: The company's third-quarter loss narrowed to $149 million, or 4 cents a share, as revenue grew 27% to $619 million. Sirius XM's operating margin climbed from negative territory to 11%. The company has weak liquidity, evident in its quick ratio of 0.3. Its $3.2 billion debt load dwarfs its $380 million cash balance.

The stock: We rate Sirius XM Radio "sell." The stock rocketed sixfold during the past year, more than major U.S. indices. Shares are cheaper than those of cable and satellite peers based on sales. They are expensive based on book value and cash flow. Though a turnaround is potentially underway, risks outweigh reward, according to our quantitative model.

-- Reported by Jake Lynch in Boston.