CUI Global, Inc. (CUI) Stock Rating Lowered by ValuEngine
CUI Global, Inc. (NASDAQ:CUI) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Friday.
Other equities research analysts have also issued reports about the stock. Ladenburg Thalmann Financial Services started coverage on shares of CUI Global in a report on Wednesday, May 31st. They set a “buy” rating and a $8.00 target price on the stock. HC Wainwright set a $12.00 target price on shares of CUI Global and gave the stock a “buy” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research raised shares of CUI Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $9.00.
CUI Global (NASDAQ CUI) opened at 3.37 on Friday. The company has a 50-day moving average of $3.58 and a 200 day moving average of $3.96. CUI Global has a one year low of $3.01 and a one year high of $7.39. The firm’s market capitalization is $70.75 million.
CUI Global (NASDAQ:CUI) last posted its earnings results on Wednesday, August 9th. The industrial products company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.05. CUI Global had a negative net margin of 10.29% and a negative return on equity of 16.61%. The firm had revenue of $22.50 million for the quarter, compared to analyst estimates of $19.96 million. During the same period in the previous year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, analysts anticipate that CUI Global will post ($0.39) EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of CUI. Argent Capital Management LLC acquired a new position in shares of CUI Global in the 1st quarter worth approximately $840,000. Royce & Associates LP lifted its position in shares of CUI Global by 37.0% in the 1st quarter. Royce & Associates LP now owns 613,425 shares of the industrial products company’s stock worth $2,908,000 after purchasing an additional 165,789 shares during the period. Croft Leominster Inc. lifted its position in shares of CUI Global by 4.0% in the 1st quarter. Croft Leominster Inc. now owns 153,330 shares of the industrial products company’s stock worth $727,000 after purchasing an additional 5,930 shares during the period. WealthTrust Axiom LLC lifted its position in shares of CUI Global by 10.5% in the 2nd quarter. WealthTrust Axiom LLC now owns 514,594 shares of the industrial products company’s stock worth $1,976,000 after purchasing an additional 48,832 shares during the period. Finally, Heartland Advisors Inc. lifted its position in shares of CUI Global by 0.4% in the 2nd quarter. Heartland Advisors Inc. now owns 2,234,850 shares of the industrial products company’s stock worth $8,582,000 after purchasing an additional 9,150 shares during the period. Hedge funds and other institutional investors own 55.65% 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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