ValuEngine upgraded shares of CUI Global (NASDAQ:CUI) from a sell rating to a hold rating in a research report report published on Thursday morning.

Separately, Zacks Investment Research upgraded shares of CUI Global from a hold rating to a buy rating and set a $2.00 price target on the stock in a report on Friday, November 9th.

Shares of NASDAQ CUI traded up $0.04 during midday trading on Thursday, reaching $1.61. The company’s stock had a trading volume of 16,159 shares, compared to its average volume of 36,095. CUI Global has a one year low of $1.17 and a one year high of $3.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.88 and a quick ratio of 1.01. The company has a market capitalization of $46.82 million, a P/E ratio of -4.60 and a beta of 0.89.

CUI Global (NASDAQ:CUI) last released its quarterly earnings results on Wednesday, November 7th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. CUI Global had a negative net margin of 16.30% and a negative return on equity of 16.81%. The business had revenue of $24.74 million for the quarter, compared to analyst estimates of $24.03 million. On average, analysts anticipate that CUI Global will post -0.39 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in CUI Global by 153.0% during the third quarter. Wells Fargo & Company MN now owns 382,100 shares of the industrial products company’s stock valued at $852,000 after purchasing an additional 231,090 shares in the last quarter. Grace & White Inc. NY grew its position in CUI Global by 52.2% during the third quarter. Grace & White Inc. NY now owns 408,568 shares of the industrial products company’s stock valued at $911,000 after purchasing an additional 140,082 shares in the last quarter. Vanguard Group Inc grew its position in CUI Global by 8.8% during the third quarter. Vanguard Group Inc now owns 1,028,704 shares of the industrial products company’s stock valued at $2,294,000 after purchasing an additional 83,200 shares in the last quarter. Vanguard Group Inc. grew its position in CUI Global by 8.8% during the third quarter. Vanguard Group Inc. now owns 1,028,704 shares of the industrial products company’s stock valued at $2,294,000 after purchasing an additional 83,200 shares in the last quarter. Finally, First Wilshire Securities Management Inc. grew its position in CUI Global by 7.6% during the second quarter. First Wilshire Securities Management Inc. now owns 575,444 shares of the industrial products company’s stock valued at $1,709,000 after purchasing an additional 40,719 shares in the last quarter. Institutional investors and hedge funds own 54.36% of the company’s stock.

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: Net Income

To view ValuEngine’s full report, visit ValuEngine’s official website.

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