TheStreet Upgrades CUI Global Inc. (CUI) to “Hold”
Several other brokerages have also issued reports on CUI. Dougherty & Co cut their target price on shares of CUI Global from $9.00 to $7.50 and set a buy rating for the company in a research report on Tuesday, August 9th. Zacks Investment Research lowered shares of CUI Global from a hold rating to a sell rating in a research 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 company. The stock currently has a consensus rating of Buy and a consensus price target of $8.75.
Shares of CUI Global (NASDAQ:CUI) opened at 5.88 on Wednesday. The firm’s market capitalization is $122.91 million. The stock has a 50 day moving average price of $5.52 and a 200 day moving average price of $5.98. CUI Global has a 52 week low of $4.01 and a 52 week high of $9.42.
CUI Global (NASDAQ:CUI) last announced its earnings results on Monday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.04. CUI Global had a negative return on equity of 7.23% and a negative net margin of 6.13%. The company earned $23.10 million during the quarter, compared to analysts’ expectations of $23.97 million. The company’s revenue was up .9% compared to the same quarter last year. Analysts forecast that CUI Global will post ($0.30) EPS for the current year.
A number of hedge funds have recently bought and sold shares of the stock. Clear Harbor Asset Management LLC raised its stake in CUI Global by 4.5% in the first quarter. Clear Harbor Asset Management LLC now owns 1,072,387 shares of the company’s stock valued at $8,665,000 after buying an additional 46,480 shares during the last quarter. WealthTrust Axiom LLC raised its stake 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 last quarter. First Eagle Investment Management LLC raised its stake in CUI Global by 3.0% in the second quarter. First Eagle Investment Management LLC now owns 2,350,376 shares of the company’s stock valued at $11,869,000 after buying an additional 69,134 shares during the last quarter. Cortina Asset Management LLC acquired a new stake in CUI Global during the second quarter valued at about $1,578,000. Finally, Van Den Berg Management I Inc. raised its stake 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 last quarter. Institutional investors and hedge funds own 56.43% 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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