CUI Global Inc. (CUI) Stock Rating Upgraded by TheStreet
CUI Global Inc. (NASDAQ:CUI) was upgraded by research analysts at TheStreet from a “sell” rating to a “hold” rating in a report issued on Wednesday.
Several other research analysts also recently commented on CUI. Dougherty & Co cut their target price on CUI Global from $9.00 to $7.50 and set a “buy” rating on the stock in a report on Tuesday, August 9th. Zacks Investment Research downgraded CUI Global from a “hold” rating to a “sell” rating in a report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. CUI Global currently has a consensus rating of “Buy” and an average price target of $8.75.
CUI Global (NASDAQ:CUI) traded down 2.88% on Wednesday, hitting $5.73. The stock had a trading volume of 95,556 shares. The stock’s market capitalization is $119.77 million. The company has a 50-day moving average price of $5.49 and a 200-day moving average price of $6.03. CUI Global has a 52 week low of $4.01 and a 52 week high of $9.42.
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CUI Global (NASDAQ:CUI) last announced its earnings results on Monday, August 8th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. The company had revenue of $23.10 million for the quarter, compared to analyst estimates of $23.97 million. CUI Global had a negative return on equity of 7.23% and a negative net margin of 6.13%. The firm’s revenue was up .9% on a year-over-year basis. Equities research analysts anticipate that CUI Global will post ($0.30) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cortina Asset Management LLC acquired a new position in CUI Global during the second quarter valued at $1,578,000. WealthTrust Axiom LLC raised its position in CUI Global by 60.2% in the second quarter. WealthTrust Axiom LLC now owns 466,849 shares of the company’s stock valued at $2,357,000 after buying an additional 175,370 shares during the period. Van Den Berg Management I Inc. raised its position in CUI Global by 134.0% in the second quarter. Van Den Berg Management I Inc. now owns 180,285 shares of the company’s stock valued at $910,000 after buying an additional 103,230 shares during the period. Marathon Capital Management raised its position in CUI Global by 7.6% in the second quarter. Marathon Capital Management now owns 1,323,602 shares of the company’s stock valued at $6,686,000 after buying an additional 93,815 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new position in CUI Global during the second quarter valued at $383,000. 56.43% 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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