CUI Global, Inc. (NASDAQ:CUI) issued its earnings results on Wednesday. The industrial products company reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.05, Bloomberg Earnings reports. CUI Global had a negative return on equity of 15.64% and a negative net margin of 10.10%. The firm had revenue of $22.50 million for the quarter, compared to analysts’ expectations of $19.96 million. During the same quarter last year, the firm earned ($0.07) earnings per share. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year.

CUI Global (CUI) traded up 10.19% on Wednesday, reaching $3.57. The company’s stock had a trading volume of 90,435 shares. The stock has a 50 day moving average price of $3.56 and a 200-day moving average price of $4.60. The company’s market capitalization is $74.83 million. CUI Global has a 1-year low of $3.10 and a 1-year high of $7.39.

In other CUI Global news, CEO William J. Clough acquired 17,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average cost of $3.28 per share, for a total transaction of $57,400.00. Following the completion of the acquisition, the chief executive officer now owns 37,666 shares of the company’s stock, valued at approximately $123,544.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 34,615 shares of company stock valued at $118,306 over the last quarter. 4.67% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Argent Capital Management LLC purchased a new position in CUI Global during the first quarter worth $840,000. Royce & Associates LP raised its position in shares of CUI Global by 37.0% in the first quarter. Royce & Associates LP now owns 613,425 shares of the industrial products company’s stock worth $2,908,000 after buying an additional 165,789 shares in the last quarter. Clear Harbor Asset Management LLC raised its position in shares of CUI Global by 2.9% in the first quarter. Clear Harbor Asset Management LLC now owns 1,183,447 shares of the industrial products company’s stock worth $5,610,000 after buying an additional 32,955 shares in the last quarter. WealthTrust Axiom LLC raised its position in shares of CUI Global by 10.5% in the second quarter. WealthTrust Axiom LLC now owns 514,594 shares of the industrial products company’s stock worth $1,976,000 after buying an additional 48,832 shares in the last quarter. Finally, Heartland Advisors Inc. raised its position in shares of CUI Global by 0.4% in the second quarter. Heartland Advisors Inc. now owns 2,234,850 shares of the industrial products company’s stock worth $8,582,000 after buying an additional 9,150 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

WARNING: This news story was originally published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/08/09/cui-global-inc-nasdaqcui-issues-earnings-results-beats-estimates-by-0-05-eps.html.

Several research analysts have commented on CUI shares. TheStreet lowered CUI Global from a “c-” rating to a “d+” rating in a research report on Monday, April 17th. Ladenburg Thalmann Financial Services started coverage on CUI Global in a research report on Wednesday, May 31st. They issued a “buy” rating and a $8.00 price objective on the stock. Finally, Zacks Investment Research raised CUI Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $9.00.

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).

Earnings History for CUI Global (NASDAQ:CUI)

Receive News & Ratings for CUI Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CUI Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.