CUI Global (NASDAQ:CUI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.
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. “
Other equities research analysts have also recently issued research reports about the company. ValuEngine cut CUI Global from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. HC Wainwright set a $12.00 price target on CUI Global and gave the company a “buy” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. CUI Global presently has a consensus rating of “Hold” and a consensus target price of $10.00.
CUI Global (NASDAQ:CUI) last issued its earnings results on Thursday, November 9th. The industrial products company reported ($0.07) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.07). CUI Global had a negative net margin of 12.18% and a negative return on equity of 19.54%. The firm had revenue of $21.80 million for the quarter, compared to analysts’ expectations of $21.10 million. equities analysts expect that CUI Global will post -0.38 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cowen Prime Services LLC raised its holdings in shares of CUI Global by 550.5% during 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 raised its holdings in shares of CUI Global by 178.6% during 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. Perkins Capital Management Inc. bought a new stake in shares of CUI Global during the fourth quarter valued at approximately $584,000. Grace & White Inc. NY bought a new stake in shares of CUI Global during the fourth quarter valued at approximately $628,000. Finally, Perritt Capital Management Inc. bought a new stake in CUI Global during the fourth quarter worth approximately $963,000. 48.76% of the stock is currently owned by institutional investors.
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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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