CUI Global (CUI) Downgraded by ValuEngine to “Strong Sell”

ValuEngine cut shares of CUI Global (NASDAQ:CUI) from a sell rating to a strong sell rating in a research report released on Sunday morning.

Other equities research analysts have also issued research reports about the stock. HC Wainwright set a $12.00 price objective on shares of CUI Global and gave the stock a buy rating in a research report on Tuesday, October 17th. Zacks Investment Research lowered shares of CUI Global from a hold rating to a sell rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $10.00.

Shares of CUI Global (NASDAQ:CUI) opened at $2.75 on Friday. CUI Global has a 52-week low of $2.44 and a 52-week high of $6.94. The stock has a market cap of $78.11, a price-to-earnings ratio of -5.98 and a beta of 0.30. The company has a quick ratio of 0.72, a current ratio of 1.39 and a debt-to-equity ratio of 0.24.

In other news, CFO Daniel Ned Ford bought 12,500 shares of the firm’s stock in a transaction dated Thursday, October 19th. The stock was acquired at an average cost of $2.80 per share, for a total transaction of $35,000.00. Following the completion of the purchase, the chief financial officer now owns 49,554 shares of the company’s stock, valued at $138,751.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders bought 25,000 shares of company stock valued at $68,600 over the last 90 days. Insiders own 5.23% of the company’s stock.

Several hedge funds have recently made changes to their positions in CUI. Royce & Associates LP boosted its stake in shares of CUI Global by 54.6% in the second quarter. Royce & Associates LP now owns 948,607 shares of the industrial products company’s stock valued at $3,643,000 after purchasing an additional 335,182 shares during the period. Marathon Capital Management boosted its stake in shares of CUI Global by 2.6% in the second 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. Vanguard Group Inc. boosted its stake in shares of CUI Global by 0.8% in the second quarter. Vanguard Group Inc. now owns 859,350 shares of the industrial products company’s stock valued at $3,300,000 after purchasing an additional 6,657 shares during the period. Finally, White Pine Capital LLC boosted its stake in shares of CUI Global by 1.6% in the second 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 and hedge funds own 45.75% of the company’s stock.

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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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