CUI Global (NASDAQ:CUI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Friday.
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. “
Several other brokerages have also recently commented on CUI. HC Wainwright reiterated a “buy” rating and set a $12.00 price target on shares of CUI Global in a research report on Monday, October 9th. ValuEngine cut CUI Global from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $10.00.
Shares of CUI Global (NASDAQ CUI) opened at $2.71 on Friday. CUI Global has a 12-month low of $2.44 and a 12-month high of $6.88. The company has a current ratio of 1.39, a quick ratio of 0.72 and a debt-to-equity ratio of 0.24.
In other news, CFO Daniel Ned Ford purchased 12,500 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was purchased at an average cost of $2.80 per share, for a total transaction of $35,000.00. Following the completion of the transaction, the chief financial officer now owns 49,554 shares of the company’s stock, valued at $138,751.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 25,000 shares of company stock valued at $68,600 over the last quarter. 5.23% of the stock is owned by company insiders.
A hedge fund recently raised its stake in CUI Global stock. Vanguard Group Inc. increased its position in shares of CUI Global Inc (NASDAQ:CUI) by 0.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 859,350 shares of the industrial products company’s stock after purchasing an additional 6,657 shares during the quarter. Vanguard Group Inc. owned approximately 4.10% of CUI Global worth $3,300,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 45.75% of the company’s stock.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.