Shares of CUI Global, Inc. (NASDAQ:CUI) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.52 and last traded at $2.51, with a volume of 473291 shares changing hands. The stock had previously closed at $2.80.

A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of CUI Global from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. HC Wainwright set a $12.00 price objective on shares of CUI Global and gave the company a “buy” rating in a report on Tuesday, October 17th. Finally, ValuEngine raised shares of CUI Global from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $9.00.

The company has a current ratio of 1.36, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19.

In other CUI Global news, CFO Daniel Ned Ford acquired 12,500 shares of the business’s stock in a transaction on Thursday, October 19th. The stock was purchased at an average price of $2.80 per share, with a total value of $35,000.00. Following the acquisition, the chief financial officer now directly owns 49,554 shares of the company’s stock, valued at approximately $138,751.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.23% of the company’s stock.

Institutional investors have recently modified their holdings of the company. White Pine Capital LLC lifted its holdings in shares of CUI Global by 1.6% during the 2nd quarter. White Pine Capital LLC now owns 267,278 shares of the industrial products company’s stock worth $1,026,000 after acquiring an additional 4,300 shares during the period. WealthTrust Axiom LLC lifted its holdings in shares of CUI Global by 10.5% during the 2nd quarter. WealthTrust Axiom LLC now owns 514,594 shares of the industrial products company’s stock worth $1,976,000 after acquiring an additional 48,832 shares during the period. Vanguard Group Inc. lifted its holdings in shares of CUI Global by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 859,350 shares of the industrial products company’s stock worth $3,300,000 after acquiring an additional 6,657 shares during the period. Royce & Associates LP lifted its holdings in shares of CUI Global by 54.6% during the 2nd quarter. Royce & Associates LP now owns 948,607 shares of the industrial products company’s stock worth $3,643,000 after acquiring an additional 335,182 shares during the period. Finally, Marathon Capital Management lifted its holdings in shares of CUI Global by 2.6% during the 2nd quarter. Marathon Capital Management now owns 1,610,792 shares of the industrial products company’s stock worth $6,185,000 after acquiring an additional 40,550 shares during the period. 46.31% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.watchlistnews.com/cui-global-inc-cui-sets-new-1-year-low-at-2-52/1695118.html.

CUI Global Company Profile

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).

Receive News & Ratings for CUI Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CUI Global Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.