CUI Global Upgraded to Neutral by Zacks (CUI)
CUI Global (NYSE:CUI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has a $9.20 price objective on the stock. Zacks‘ price target indicates a potential upside of 2.91% from the company’s current price.
Shares of CUI Global (NYSE:CUI) traded up 3.35% on Monday, hitting $8.94. 225,332 shares of the company’s stock traded hands. CUI Global has a one year low of $4.34 and a one 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 $183.8 million.
CUI Global (NYSE:CUI) last announced its earnings results on Wednesday, November 13th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.02. On average, analysts predict that CUI Global will post $0.02 earnings per share for the current fiscal year.
Separately, analysts at Dougherty & Co initiated coverage on shares of CUI Global in a research note to investors on Monday, January 6th. They set a “buy” rating on the stock.
CUI Global, Inc, formerly Waytronx, Inc, is a holding company engaged in the acquisition and development of companies and technologies.
To view Zacks’ full report, visit www.zacks.com
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