Press coverage about CUI Global (NASDAQ:CUI) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CUI Global earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 44.9934938273226 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
Several equities research analysts recently issued reports on CUI shares. Zacks Investment Research upgraded CUI Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine upgraded CUI Global from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, HC Wainwright reiterated a “buy” rating and issued a $12.00 price target on shares of CUI Global in a research note on Monday, October 9th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.00.
Shares of CUI Global (NASDAQ CUI
) traded down 0.90% during midday trading on Friday, hitting $3.29. The company had a trading volume of 191,588 shares. The company’s market capitalization is $69.07 million. CUI Global has a 12-month low of $2.78 and a 12-month high of $7.39. The company’s 50-day moving average price is $3.46 and its 200 day moving average price is $3.66.
CUI Global (NASDAQ:CUI) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $22.50 million during the quarter, compared to analyst estimates of $19.96 million. During the same quarter last year, the business earned ($0.07) earnings per share. CUI Global’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities research analysts predict that CUI Global will post ($0.38) earnings per share for the current fiscal year.
In other news, CFO Daniel Ned Ford bought 12,500 shares of CUI Global stock in a transaction dated Thursday, October 19th. The shares were acquired at an average price of $2.80 per share, with a total value of $35,000.00. Following the completion of the purchase, the chief financial officer now owns 49,554 shares in the company, valued at approximately $138,751.20. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.23% of the stock is owned by company insiders.
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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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