CUI Global (CUI) PT Lowered to $2.30

CUI Global (NASDAQ:CUI) had its price objective cut by research analysts at Lake Street Capital from $6.00 to $2.30 in a research note issued on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Lake Street Capital’s target price points to a potential upside of 84.00% from the company’s previous close.

Shares of NASDAQ CUI traded up $0.01 during midday trading on Thursday, reaching $1.25. The company’s stock had a trading volume of 32,575 shares, compared to its average volume of 44,512. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.21. CUI Global has a one year low of $1.07 and a one year high of $3.16. The company has a market capitalization of $32.58 million, a P/E ratio of -3.47 and a beta of 1.39.

CUI Global (NASDAQ:CUI) last released its earnings results on Wednesday, May 15th. The industrial products company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). CUI Global had a negative return on equity of 20.55% and a negative net margin of 17.90%. The business had revenue of $23.01 million during the quarter. On average, analysts anticipate that CUI Global will post 0.18 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Wilshire Securities Management Inc. lifted its holdings in CUI Global by 3.1% during the 1st quarter. First Wilshire Securities Management Inc. now owns 488,394 shares of the industrial products company’s stock worth $576,000 after purchasing an additional 14,850 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of CUI Global by 8.6% in the 1st quarter. Renaissance Technologies LLC now owns 345,550 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 27,244 shares in the last quarter. White Pine Capital LLC raised its holdings in shares of CUI Global by 1.9% in the 1st quarter. White Pine Capital LLC now owns 733,493 shares of the industrial products company’s stock valued at $866,000 after acquiring an additional 13,675 shares in the last quarter. Clear Harbor Asset Management LLC raised its holdings in shares of CUI Global by 0.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 1,100,457 shares of the industrial products company’s stock valued at $1,354,000 after acquiring an additional 9,305 shares in the last quarter. Finally, WealthTrust Axiom LLC raised its holdings in shares of CUI Global by 2.6% in the 4th quarter. WealthTrust Axiom LLC now owns 413,991 shares of the industrial products company’s stock valued at $509,000 after acquiring an additional 10,505 shares in the last quarter. Institutional investors and hedge funds own 51.50% of the company’s stock.

About CUI Global

CUI Global, Inc, through its subsidiaries, engages in the acquisition, development, and commercialization of power and electromechanical components worldwide. The company operates in two segments, Power and Electromechanical, and Energy. The Power and Electromechanical segment offers power solutions that consists of external and embedded ac-dc power supplies, dc-dc converters, and intelligent control of energy products; components, including connectors, speakers, and buzzers; and control solutions comprising encoders and sensors, which addresses power and related accessories to consumer electronics, medical, and defense industries.

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