ValuEngine upgraded shares of CUI Global (NASDAQ:CUI) from a hold rating to a buy rating in a report published on Thursday, ValuEngine reports.
Several other research analysts also recently commented on the stock. Lake Street Capital cut their price objective on shares of CUI Global from $6.00 to $2.30 and set a buy rating for the company in a report on Thursday, May 16th. B. Riley reaffirmed a buy rating on shares of CUI Global in a report on Friday, May 17th.
Shares of CUI stock remained flat at $$0.76 during trading hours on Thursday. 5,817 shares of the stock traded hands, compared to its average volume of 95,855. The firm’s 50-day moving average is $0.85. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 0.34. CUI Global has a 12 month low of $0.75 and a 12 month high of $2.71. The firm has a market capitalization of $21.89 million, a price-to-earnings ratio of -2.12 and a beta of 1.17.
CUI Global (NASDAQ:CUI) last released its quarterly earnings data on Wednesday, May 15th. The industrial products company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.02). The business had revenue of $23.01 million during the quarter. CUI Global had a negative return on equity of 21.74% and a negative net margin of 17.44%. As a group, equities research analysts forecast that CUI Global will post 0.18 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Grace & White Inc. NY boosted its holdings in CUI Global by 34.9% in the 2nd quarter. Grace & White Inc. NY now owns 984,301 shares of the industrial products company’s stock valued at $809,000 after purchasing an additional 254,518 shares during the period. Marathon Capital Management boosted its holdings in CUI Global by 5.1% in the 2nd quarter. Marathon Capital Management now owns 839,693 shares of the industrial products company’s stock valued at $690,000 after purchasing an additional 40,590 shares during the period. White Pine Capital LLC boosted its holdings in CUI Global by 1.9% in the 1st quarter. White Pine Capital LLC now owns 733,493 shares of the industrial products company’s stock valued at $866,000 after purchasing an additional 13,675 shares during the period. Finally, Cowen Prime Services LLC boosted its holdings in CUI Global by 7.3% in the 2nd quarter. Cowen Prime Services LLC now owns 226,346 shares of the industrial products company’s stock valued at $186,000 after purchasing an additional 15,333 shares during the period. 48.81% of the stock is owned by institutional investors.
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: What is an Initial Public Offering (IPO)?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for CUI Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CUI Global and related companies with MarketBeat.com's FREE daily email newsletter.