CUI Global Inc (NASDAQ:CUI) CEO William J. Clough purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were purchased at an average price of $1.33 per share, with a total value of $19,950.00. Following the acquisition, the chief executive officer now directly owns 110,166 shares in the company, valued at $146,520.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
CUI Global stock traded up $0.07 during trading on Wednesday, hitting $1.32. The company had a trading volume of 27,957 shares, compared to its average volume of 34,759. CUI Global Inc has a 1-year low of $1.17 and a 1-year high of $3.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.88. The company has a market capitalization of $36.79 million, a PE ratio of -3.67 and a beta of 1.38.
CUI Global (NASDAQ:CUI) last posted its earnings results on Monday, March 18th. The industrial products company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.04). CUI Global had a negative net margin of 17.90% and a negative return on equity of 19.47%. The company had revenue of $26.95 million during the quarter, compared to analyst estimates of $24.90 million.
Several analysts recently weighed in on the stock. ValuEngine upgraded shares of CUI Global from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Zacks Investment Research downgraded shares of CUI Global from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th.
Institutional investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. increased its holdings in CUI Global by 68.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 26,097 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 10,585 shares during the last quarter. Cowen Prime Services LLC grew its stake in shares of CUI Global by 24.5% in the fourth 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 in the last quarter. WealthTrust Axiom LLC grew its stake in shares of CUI Global by 2.6% in the fourth 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 in the last quarter. Wells Fargo & Company MN grew its stake in shares of CUI Global by 153.0% in the third 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 in the last quarter. Finally, Grace & White Inc. NY grew its stake in shares of CUI Global by 78.6% in the fourth quarter. Grace & White Inc. NY now owns 729,783 shares of the industrial products company’s stock worth $898,000 after acquiring an additional 321,215 shares in the last quarter. Hedge funds and other institutional investors own 51.80% of the company’s stock.
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About CUI Global
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.
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