CUI Global, Inc. (NASDAQ:CUI)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a research report issued to clients and investors on Monday, October 9th. They currently have a $12.00 target price on the industrial products company’s stock. HC Wainwright’s price objective points to a potential upside of 315.22% from the company’s previous close.
The analysts wrote, “Calorific Value Analyzer Application for Natural Gas Billing in UK Progresses Continuing coverage under the name H.C. Wainwright & Co. with a Buy rating. Effective October 9, 2017, research in the above titled name will now be published under H.C. Wainwright & Co. and no longer distributed in conjunction with ‘Rodman & Renshaw, a unit of H.C. Wainwright’. Future Billing Methodology (FBM) project moves to Phase 2. On October 9, 2017, CUI announced that the United Kingdom’s Office of Gas and Electricity Markets (Ofgem) has approved the Future Billing Methodology (FBM) project to move to Phase 2.””
A number of other equities research analysts have also recently issued reports on CUI. ValuEngine cut shares of CUI Global from a “sell” rating to a “strong sell” rating in a research report on Friday, September 22nd. Zacks Investment Research raised shares of CUI Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $9.00.
CUI Global (NASDAQ:CUI) last released its quarterly earnings data 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. CUI Global had a negative net margin of 10.29% and a negative return on equity of 16.61%. The firm had revenue of $22.50 million for the quarter, compared to the consensus estimate of $19.96 million. During the same period in the previous year, the company earned ($0.07) earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis.
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Several hedge funds have recently bought and sold shares of CUI. Royce & Associates LP lifted its holdings in shares of CUI Global by 37.0% in 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 during the last quarter. WealthTrust Axiom LLC lifted 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 acquiring an additional 48,832 shares during the last quarter. Heartland Advisors Inc. lifted 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 acquiring an additional 9,150 shares during the last quarter. Marathon Capital Management lifted 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 acquiring an additional 40,550 shares during the last quarter. Finally, White Pine Capital LLC lifted 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 acquiring an additional 4,300 shares during the last quarter. 55.65% of the stock is owned by hedge funds and other institutional investors.
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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