Zacks Investment Research upgraded shares of CUI Global (NASDAQ:CUI) from a sell rating to a hold rating in a report released on Thursday, February 8th.
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. “
A number of other research analysts have also recently commented on CUI. HC Wainwright set a $12.00 price target on CUI Global and gave the stock a buy rating in a research note on Tuesday, October 17th. ValuEngine cut CUI Global from a sell rating to a strong sell rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $10.00.
CUI Global (NASDAQ:CUI) opened at $2.72 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.39 and a quick ratio of 0.72. CUI Global has a 52 week low of $2.44 and a 52 week high of $6.70.
Large investors have recently bought and sold shares of the stock. Cowen Prime Services LLC increased its holdings in CUI Global by 550.5% in the fourth quarter. Cowen Prime Services LLC now owns 94,329 shares of the industrial products company’s stock valued at $259,000 after buying an additional 79,829 shares during the last quarter. Eidelman Virant Capital increased its holdings in CUI Global by 178.6% in the fourth quarter. Eidelman Virant Capital now owns 103,427 shares of the industrial products company’s stock valued at $284,000 after buying an additional 66,300 shares during the last quarter. Renaissance Technologies LLC increased its holdings in CUI Global by 163.0% in the fourth quarter. Renaissance Technologies LLC now owns 175,400 shares of the industrial products company’s stock valued at $482,000 after buying an additional 108,700 shares during the last quarter. Perkins Capital Management Inc. purchased a new position in CUI Global in the fourth quarter valued at $584,000. Finally, Grace & White Inc. NY purchased a new position in CUI Global in the fourth quarter valued at $628,000. 53.78% of the stock is currently owned by hedge funds and other institutional investors.
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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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