CUI Global Inc (CUI) Receives “Buy” Rating from HC Wainwright
CUI Global Inc (NASDAQ:CUI)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a report released on Monday. They currently have a $12.00 target price on the stock. HC Wainwright’s price target suggests a potential upside of 147.42% from the stock’s previous close.
Separately, Zacks Investment Research lowered CUI Global from a “hold” rating to a “sell” rating in a research note on Friday.
CUI Global (NASDAQ:CUI) traded down 3.00% during trading on Monday, reaching $4.85. The company’s stock had a trading volume of 44,725 shares. The company’s 50 day moving average price is $6.11 and its 200-day moving average price is $5.95. CUI Global has a 1-year low of $4.01 and a 1-year high of $8.54. The stock’s market cap is $101.44 million.
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CUI Global (NASDAQ:CUI) last released its quarterly earnings data on Tuesday, March 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.05. CUI Global had a negative net margin of 6.75% and a negative return on equity of 8.96%. The business earned $19.40 million during the quarter, compared to analyst estimates of $21.46 million. During the same period in the previous year, the business earned ($0.06) earnings per share. The business’s quarterly revenue was down 11.4% on a year-over-year basis. Equities analysts forecast that CUI Global will post ($0.01) earnings per share for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in CUI Global by 20.0% in the third quarter. Wells Fargo & Company MN now owns 27,355 shares of the company’s stock worth $160,000 after buying an additional 4,555 shares during the period. Mesirow Financial Investment Management Equity Management bought a new position in CUI Global during the third quarter worth approximately $236,000. Royal Bank of Canada raised its position in CUI Global by 8.5% in the second quarter. Royal Bank of Canada now owns 54,310 shares of the company’s stock worth $274,000 after buying an additional 4,250 shares during the period. Croft Leominster Inc. raised its position in CUI Global by 13.4% in the third quarter. Croft Leominster Inc. now owns 84,400 shares of the company’s stock worth $492,000 after buying an additional 10,000 shares during the period. Finally, New Jersey Better Educational Savings Trust bought a new position in CUI Global during the third quarter worth approximately $641,000. Hedge funds and other institutional investors own 63.27% of the company’s stock.
About CUI Global
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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