CUI Global (NASDAQ:CUI) issued its earnings results on Monday. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.04), Morningstar.com reports. CUI Global had a negative return on equity of 19.47% and a negative net margin of 17.90%. The company had revenue of $26.95 million during the quarter, compared to analyst estimates of $24.90 million.
Shares of CUI opened at $1.25 on Wednesday. CUI Global has a 1 year low of $1.17 and a 1 year high of $3.16. The company has a quick ratio of 1.01, a current ratio of 1.88 and a debt-to-equity ratio of 0.17.
CUI has been the subject of a number of recent research reports. Zacks Investment Research cut CUI Global from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. ValuEngine raised CUI Global from a “sell” rating to a “hold” rating in a report on Thursday, January 10th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. grew its position in CUI Global by 68.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 26,097 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 10,585 shares during the last quarter. BlackRock Inc. grew its position in CUI Global by 31.7% during the 2nd quarter. BlackRock Inc. now owns 109,908 shares of the industrial products company’s stock worth $327,000 after acquiring an additional 26,470 shares during the last quarter. Cowen Prime Services LLC grew its position in CUI Global by 24.5% during the 4th quarter. Cowen Prime Services LLC now owns 222,433 shares of the industrial products company’s stock worth $274,000 after acquiring an additional 43,799 shares during the last quarter. Wells Fargo & Company MN grew its position in CUI Global by 153.0% during the 3rd quarter. Wells Fargo & Company MN now owns 382,100 shares of the industrial products company’s stock worth $852,000 after acquiring an additional 231,090 shares during the last quarter. Finally, WealthTrust Axiom LLC grew its position in CUI Global by 2.6% during the 4th quarter. WealthTrust Axiom LLC now owns 413,991 shares of the industrial products company’s stock worth $509,000 after acquiring an additional 10,505 shares during the last quarter. Institutional investors and hedge funds own 51.80% of the company’s stock.
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CUI Global Company Profile
CUI Global, Inc, through its subsidiaries, engages in the acquisition, development, and commercialization of power and electromechanical components worldwide. The company operates in two segments, Power and Electromechanical, and Energy. The Power and Electromechanical segment offers power solutions that consists of external and embedded ac-dc power supplies, dc-dc converters, and intelligent control of energy products; components, including connectors, speakers, and buzzers; and control solutions comprising encoders and sensors, which addresses power and related accessories to consumer electronics, medical, and defense industries.
See Also: Gross Domestic Product (GDP)
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