CUI Global, Inc. (CUI) PT Set at $12.00 by HC Wainwright

CUI Global, Inc. (NASDAQ:CUI) received a $12.00 target price from analysts at HC Wainwright in a research report issued to clients and investors on Tuesday, October 17th. The firm presently has a “buy” rating on the industrial products company’s stock. HC Wainwright’s price target would suggest a potential upside of 316.23% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of CUI Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine upgraded shares of CUI Global from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.00.

CUI Global (NASDAQ:CUI) traded down $0.02 on Tuesday, reaching $2.88. 146,288 shares of the company’s stock traded hands, compared to its average volume of 353,323. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.73 and a current ratio of 1.36. CUI Global has a 1 year low of $2.78 and a 1 year high of $7.39.

CUI Global (NASDAQ:CUI) last announced its earnings results on Wednesday, August 9th. The industrial products company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.05. The company had revenue of $22.50 million during the quarter, compared to the consensus estimate of $19.96 million. CUI Global had a negative net margin of 10.29% and a negative return on equity of 16.61%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) earnings per share. equities research analysts anticipate that CUI Global will post -0.36 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “CUI Global, Inc. (CUI) PT Set at $12.00 by HC Wainwright” was originally posted by BBNS and is the property of of BBNS. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://baseballnewssource.com/markets/cui-global-inc-cui-given-a-12-00-price-target-by-hc-wainwright-analysts/1721873.html.

In other news, CFO Daniel Ned Ford acquired 12,500 shares of the business’s stock in a transaction dated Thursday, October 19th. The stock was bought at an average cost of $2.80 per share, for a total transaction of $35,000.00. Following the completion of the transaction, the chief financial officer now owns 49,554 shares of the company’s stock, valued at $138,751.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.23% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CUI. Royce & Associates LP raised its stake in shares of CUI Global by 37.0% during the first quarter. Royce & Associates LP now owns 613,425 shares of the industrial products company’s stock worth $2,908,000 after acquiring an additional 165,789 shares in the last quarter. WealthTrust Axiom LLC grew its holdings in shares of CUI Global by 10.5% in the second quarter. WealthTrust Axiom LLC now owns 514,594 shares of the industrial products company’s stock worth $1,976,000 after purchasing an additional 48,832 shares during the last quarter. Heartland Advisors Inc. grew its holdings in shares of CUI Global by 0.4% in the second quarter. Heartland Advisors Inc. now owns 2,234,850 shares of the industrial products company’s stock worth $8,582,000 after purchasing an additional 9,150 shares during the last quarter. Marathon Capital Management grew its holdings in shares of CUI Global by 2.6% in the second quarter. Marathon Capital Management now owns 1,610,792 shares of the industrial products company’s stock worth $6,185,000 after purchasing an additional 40,550 shares during the last quarter. Finally, White Pine Capital LLC grew its holdings in shares of CUI Global by 1.6% in the second quarter. White Pine Capital LLC now owns 267,278 shares of the industrial products company’s stock worth $1,026,000 after purchasing an additional 4,300 shares during the last quarter. 46.31% of the stock is currently owned by institutional investors and hedge funds.

CUI Global Company Profile

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).

Receive News & Ratings for CUI Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CUI Global Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.