CUI Global (CUI) Given Buy Rating at B. Riley

CUI Global (NASDAQ:CUI)‘s stock had its “buy” rating restated by research analysts at B. Riley in a report released on Friday, TipRanks reports.

Separately, Lake Street Capital reduced their price target on CUI Global from $6.00 to $2.30 and set a “buy” rating on the stock in a research note on Thursday.

Shares of CUI Global stock traded down $0.04 during trading hours on Friday, reaching $1.00. 487,643 shares of the company’s stock were exchanged, compared to its average volume of 81,205. CUI Global has a 52-week low of $0.95 and a 52-week high of $3.16. The firm has a market cap of $35.44 million, a PE ratio of -2.78 and a beta of 1.39. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.13.

CUI Global (NASDAQ:CUI) last issued its quarterly earnings results on Wednesday, May 15th. The industrial products company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). CUI Global had a negative return on equity of 21.06% and a negative net margin of 17.44%. The business had revenue of $23.01 million for the quarter. Equities research analysts anticipate that CUI Global will post 0.18 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Clear Harbor Asset Management LLC raised its position 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 worth $1,354,000 after buying an additional 9,305 shares during the period. WealthTrust Axiom LLC raised its position 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 worth $509,000 after buying an additional 10,505 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of CUI Global by 68.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 26,097 shares of the industrial products company’s stock worth $32,000 after buying an additional 10,585 shares during the period. White Pine Capital LLC raised its position 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 worth $866,000 after buying an additional 13,675 shares during the period. Finally, First Wilshire Securities Management Inc. raised its position in shares of CUI Global by 3.1% in the 1st quarter. First Wilshire Securities Management Inc. now owns 488,394 shares of the industrial products company’s stock worth $576,000 after buying an additional 14,850 shares during the period. 51.50% of the stock is currently owned by institutional investors and hedge funds.

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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