CUI Global Inc (CUI) CEO Acquires $10,850.00 in Stock
CUI Global Inc (NASDAQ:CUI) CEO William J. Clough acquired 5,000 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were bought at an average cost of $2.17 per share, for a total transaction of $10,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 77,666 shares of the company’s stock, valued at approximately $168,535.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ CUI opened at $2.19 on Thursday. The company has a market cap of $61.91 million, a price-to-earnings ratio of -6.26 and a beta of 0.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.15 and a current ratio of 1.91. CUI Global Inc has a 1-year low of $2.14 and a 1-year high of $4.35.
CUI Global (NASDAQ:CUI) last announced its earnings results on Monday, August 6th. The industrial products company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.06). The business had revenue of $23.13 million during the quarter, compared to analyst estimates of $24.58 million. CUI Global had a negative return on equity of 17.77% and a negative net margin of 17.26%. sell-side analysts predict that CUI Global Inc will post -0.5 EPS for the current year.
CUI has been the topic of a number of recent research reports. Zacks Investment Research raised CUI Global from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a report on Tuesday, July 10th. ValuEngine raised CUI Global from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd.
CUI Global Company Profile
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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