CUI Global (CUI) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of CUI Global (NASDAQ:CUI) from a hold rating to a sell rating in a report released on Thursday.

According to Zacks, “CUI Global Inc., formerly known as Waytronx Inc., is primarily engaged in the acquisition and development of innovative companies and technologies. CUI through its subsidiaries in engaged in the manufacture and supply of external adapters and embedded ac-dc power supplies, dc-dc converters, LED driver modules, and digital point-of-load modules. rotary encoders for motion control applications and other interconnect, sound, and thermal products. The Company also holds a 49% stake in Comex, a Japanese DSP-based hardware and software company that specializes in test and measurement equipment. It focuses on applications that demand high speed multiple channel measurement. CUI Global Inc. is based in Tualatin, Oregon. “

A number of other equities research analysts have also commented on CUI. HC Wainwright restated a buy rating and set a $12.00 price objective on shares of CUI Global in a report on Monday, October 9th. ValuEngine upgraded shares of CUI Global from a strong sell rating to a sell rating in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $10.00.

Shares of CUI Global (NASDAQ CUI) opened at $2.74 on Thursday. CUI Global has a twelve month low of $2.44 and a twelve month high of $6.72. The company has a current ratio of 1.39, a quick ratio of 0.72 and a debt-to-equity ratio of 0.24. The company has a market cap of $76.98, a price-to-earnings ratio of -5.96 and a beta of 0.30.

CUI Global (NASDAQ:CUI) last issued its quarterly earnings data on Thursday, November 9th. The industrial products company reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). CUI Global had a negative net margin of 12.18% and a negative return on equity of 19.54%. analysts predict that CUI Global will post -0.38 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in CUI Global by 0.8% in the second quarter. Vanguard Group Inc. now owns 859,350 shares of the industrial products company’s stock valued at $3,300,000 after purchasing an additional 6,657 shares in the last quarter. Perkins Capital Management Inc. bought a new position in CUI Global in the fourth quarter valued at $584,000. Finally, Perritt Capital Management Inc. bought a new position in CUI Global in the fourth quarter valued at $963,000. 45.75% of the stock is owned by institutional investors and hedge funds.

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About CUI Global

CUI Global, Inc is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc (CUI), CUI Japan and CUI-Canada, Inc, which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs).

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