CUI Global, Inc. (CUI) Sets New 1-Year Low at $2.52
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.
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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).
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