CUI Global, Inc. (CUI) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of CUI Global, Inc. (NASDAQ:CUI) from a hold rating to a sell rating in a research note released on Wednesday, October 25th.

According to Zacks, “CUI Global Inc., formerly known as Waytronx Inc., is primarily engaged in the acquisition and development of innovative companies and technologies. CUI through its subsidiaries in engaged in the manufacture and supply of external adapters and embedded ac-dc power supplies, dc-dc converters, LED driver modules, and digital point-of-load modules. rotary encoders for motion control applications and other interconnect, sound, and thermal products. The Company also holds a 49% stake in Comex, a Japanese DSP-based hardware and software company that specializes in test and measurement equipment. It focuses on applications that demand high speed multiple channel measurement. CUI Global Inc. is based in Tualatin, Oregon. “

Other equities analysts have also issued reports about the company. HC Wainwright set a $12.00 target price on CUI Global and gave the stock a buy rating in a research report on Thursday, August 10th. ValuEngine lowered CUI Global from a sell rating to a strong sell rating in a research report on Friday, September 22nd. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. CUI Global has an average rating of Hold and a consensus target price of $9.00.

CUI Global (CUI) traded up $0.09 during trading on Wednesday, hitting $2.73. The company’s stock had a trading volume of 166,000 shares, compared to its average volume of 77,990. CUI Global has a 52-week low of $2.48 and a 52-week high of $7.39. The company has a current ratio of 1.36, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19.

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In other news, CFO Daniel Ned Ford bought 12,500 shares of the stock in a transaction dated Thursday, October 19th. The shares were bought at an average cost of $2.80 per share, with a total value of $35,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,554 shares of the company’s stock, valued at $138,751.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.23% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marathon Capital Management raised its position in CUI Global by 2.6% in 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 buying an additional 40,550 shares during the last quarter. WealthTrust Axiom LLC raised its position in CUI Global by 10.5% in the 2nd quarter. WealthTrust Axiom LLC now owns 514,594 shares of the industrial products company’s stock valued at $1,976,000 after buying an additional 48,832 shares during the last quarter. Royce & Associates LP raised its position in CUI Global by 54.6% in the 2nd quarter. Royce & Associates LP now owns 948,607 shares of the industrial products company’s stock valued at $3,643,000 after buying an additional 335,182 shares during the last quarter. White Pine Capital LLC raised its position in CUI Global by 1.6% in 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 buying an additional 4,300 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in CUI Global by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 859,350 shares of the industrial products company’s stock valued at $3,300,000 after buying an additional 6,657 shares during the last quarter. 46.31% of the stock is owned by institutional investors and hedge funds.

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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