Shares of CUI Global Inc (NASDAQ:CUI) were up 14% on Wednesday . The stock traded as high as $1.19 and last traded at $1.14, approximately 616,500 shares changed hands during trading. An increase of 494% from the average daily volume of 103,875 shares. The stock had previously closed at $1.00.
Separately, ValuEngine upgraded CUI Global from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.
The firm’s 50 day moving average price is $0.87 and its two-hundred day moving average price is $0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.23 and a quick ratio of 2.15. The stock has a market cap of $29.89 million, a PE ratio of -2.97 and a beta of 1.36.
Several large investors have recently added to or reduced their stakes in CUI. Cowen Prime Services LLC boosted its stake in CUI Global by 7.3% in the 2nd quarter. Cowen Prime Services LLC now owns 226,346 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 15,333 shares during the period. Clear Harbor Asset Management LLC lifted its holdings in shares of CUI Global by 17.1% in the third quarter. Clear Harbor Asset Management LLC now owns 164,035 shares of the industrial products company’s stock worth $139,000 after buying an additional 23,920 shares in the last quarter. White Pine Capital LLC lifted its holdings in shares of CUI Global by 8.8% in the second quarter. White Pine Capital LLC now owns 797,858 shares of the industrial products company’s stock worth $656,000 after buying an additional 64,365 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of CUI Global by 79.8% in the second quarter. Vanguard Group Inc. now owns 1,131,929 shares of the industrial products company’s stock valued at $931,000 after acquiring an additional 502,500 shares during the period. Institutional investors own 28.02% of the company’s stock.
CUI Global Company Profile (NASDAQ:CUI)
CUI Global, Inc, through its subsidiaries, engages in the acquisition, development, and commercialization of power and electromechanical components worldwide. The company operates in two segments, Power and Electromechanical, and Energy. The Power and Electromechanical segment offers power solutions that consists of external and embedded ac-dc power supplies, dc-dc converters, and intelligent control of energy products; components, including connectors, speakers, and buzzers; and control solutions comprising encoders and sensors, which addresses power and related accessories to consumer electronics, medical, and defense industries.
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