CUI Global, Inc. (NASDAQ:CUI) has been assigned a $12.00 price target by research analysts at HC Wainwright in a report released on Tuesday, October 17th. The firm presently has a “buy” rating on the industrial products company’s stock. HC Wainwright’s price objective would suggest a potential upside of 261.45% from the stock’s current price.
CUI has been the topic of several other research reports. Zacks Investment Research raised CUI Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine cut CUI Global from a “sell” rating to a “strong sell” rating in a research report on Friday, September 22nd. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.00.
CUI Global (NASDAQ CUI) traded up 2.11% during mid-day trading on Tuesday, hitting $3.39. 49,509 shares of the stock were exchanged. The stock’s market capitalization is $71.17 million. CUI Global has a 12-month low of $2.78 and a 12-month high of $7.39. The firm has a 50-day moving average price of $3.48 and a 200-day moving average price of $3.67.
CUI Global (NASDAQ:CUI) last issued 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. The business had revenue of $22.50 million during the quarter, compared to the consensus estimate of $19.96 million. CUI Global had a negative return on equity of 16.61% and a negative net margin of 10.29%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) earnings per share. Equities analysts predict that CUI Global will post ($0.38) earnings per share for the current fiscal year.
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In related news, CFO Daniel Ned Ford acquired 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were bought at an average cost of $2.80 per share, for a total transaction of $35,000.00. Following the purchase, the chief financial officer now owns 49,554 shares in the company, valued at approximately $138,751.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.23% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CUI. Royce & Associates LP raised its stake in shares of CUI Global by 37.0% during the 1st quarter. Royce & Associates LP now owns 613,425 shares of the industrial products company’s stock valued at $2,908,000 after purchasing an additional 165,789 shares during the period. WealthTrust Axiom LLC raised its stake in shares of CUI Global by 10.5% during the 2nd quarter. WealthTrust Axiom LLC now owns 514,594 shares of the industrial products company’s stock valued at $1,976,000 after purchasing an additional 48,832 shares during the period. Heartland Advisors Inc. raised its stake in shares of CUI Global by 0.4% during the 2nd quarter. Heartland Advisors Inc. now owns 2,234,850 shares of the industrial products company’s stock valued at $8,582,000 after purchasing an additional 9,150 shares during the period. Marathon Capital Management raised its stake in shares of CUI Global by 2.6% during the 2nd quarter. Marathon Capital Management now owns 1,610,792 shares of the industrial products company’s stock valued at $6,185,000 after purchasing an additional 40,550 shares during the period. Finally, White Pine Capital LLC raised its stake in shares of CUI Global by 1.6% during the 2nd quarter. White Pine Capital LLC now owns 267,278 shares of the industrial products company’s stock valued at $1,026,000 after purchasing an additional 4,300 shares during the period. 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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