CUI Global, Inc. (NASDAQ:CUI) received a $12.00 price target from stock analysts at HC Wainwright in a research report issued on Thursday. The brokerage currently has a “buy” rating on the industrial products company’s stock. HC Wainwright’s price objective suggests a potential upside of 238.03% from the stock’s previous close.

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of CUI Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Ladenburg Thalmann Financial Services began coverage on shares of CUI Global in a research report on Wednesday, May 31st. They set a “buy” rating and a $8.00 target price on the stock. Finally, TheStreet lowered shares of CUI Global from a “c-” rating to a “d+” rating in a research report on Monday, April 17th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $9.00.

Shares of CUI Global (CUI) opened at 3.55 on Thursday. CUI Global has a 12-month low of $3.01 and a 12-month high of $7.39. The stock’s market capitalization is $74.41 million. The stock has a 50 day moving average of $3.56 and a 200 day moving average of $4.51.

CUI Global (NASDAQ:CUI) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. CUI Global had a negative net margin of 10.10% and a negative return on equity of 15.64%. The company had revenue of $22.50 million for the quarter, compared to analysts’ expectations of $19.96 million. During the same quarter last year, the company earned ($0.07) earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. Equities research analysts anticipate that CUI Global will post ($0.40) EPS for the current fiscal year.

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In other CUI Global news, CEO William J. Clough bought 17,500 shares of the stock in a transaction dated Thursday, June 15th. The shares were acquired at an average cost of $3.28 per share, for a total transaction of $57,400.00. Following the completion of the transaction, the chief executive officer now owns 37,666 shares in the company, valued at approximately $123,544.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have bought 34,615 shares of company stock worth $118,306. Insiders own 4.67% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Heartland Advisors Inc. raised its position in 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 during the period. Royce & Associates LP raised its position in CUI Global by 54.6% in the second quarter. Royce & Associates LP now owns 948,607 shares of the industrial products company’s stock worth $3,643,000 after buying an additional 335,182 shares during the period. WealthTrust Axiom LLC raised its position in 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 during the period. Croft Leominster Inc. raised its position in CUI Global by 4.0% in the first quarter. Croft Leominster Inc. now owns 153,330 shares of the industrial products company’s stock worth $727,000 after buying an additional 5,930 shares during the period. Finally, Argent Capital Management LLC purchased a new position in CUI Global during the first quarter worth $840,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

CUI Global Company Profile

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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