Sidoti Initiates Coverage on CUI Global (CUI)
Research analysts at Sidoti started coverage on shares of CUI Global (NYSE:CUI) in a report released on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of CUI Global (NYSE:CUI) traded up 3.16% during mid-day trading on Friday, hitting $5.715. The stock had a trading volume of 17,100 shares. CUI Global has a 1-year low of $4.34 and a 1-year high of $6.40. The stock’s 50-day moving average is $5.70 and its 200-day moving average is $5.51. The company’s market cap is $117.5 million.
CUI Global (NYSE:CUI) last announced its earnings results on Wednesday, August 14th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02. The company had revenue of $18.14 million for the quarter, compared to the consensus estimate of $15.41 million. Analysts expect that CUI Global will post $0.12 EPS for the current fiscal year.
CUI Global, Inc, formerly Waytronx, Inc, is a holding company engaged in the acquisition and development of companies and technologies.
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