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.
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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).
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