CUI Global (CUI) Receives Buy Rating from B. Riley

CUI Global (NASDAQ:CUI)‘s stock had its “buy” rating reissued by research analysts at B. Riley in a research note issued to investors on Friday, TipRanks reports.

Separately, Lake Street Capital reduced their target price on shares of CUI Global from $6.00 to $2.30 and set a “buy” rating on the stock in a research report on Thursday.

Shares of NASDAQ:CUI traded down $0.04 during trading on Friday, reaching $1.00. 487,643 shares of the company were exchanged, compared to its average volume of 81,205. The firm has a market cap of $35.44 million, a PE ratio of -2.78 and a beta of 1.39. CUI Global has a 12-month low of $0.95 and a 12-month high of $3.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.21 and a current ratio of 1.91.

CUI Global (NASDAQ:CUI) last issued its earnings results on Wednesday, May 15th. The industrial products company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.02). The company had revenue of $23.01 million for the quarter. CUI Global had a negative return on equity of 21.06% and a negative net margin of 17.44%. Equities research analysts predict that CUI Global will post 0.18 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of 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 boosted its stake in shares of 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. Cowen Prime Services LLC boosted its stake in shares of CUI Global by 24.5% during the fourth quarter. Cowen Prime Services LLC now owns 222,433 shares of the industrial products company’s stock valued at $274,000 after purchasing an additional 43,799 shares in the last quarter. Grace & White Inc. NY boosted its stake in shares of CUI Global by 78.6% during the fourth quarter. Grace & White Inc. NY now owns 729,783 shares of the industrial products company’s stock valued at $898,000 after purchasing an additional 321,215 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of CUI Global by 68.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 26,097 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 10,585 shares in the last quarter. 51.50% of the stock is currently owned by institutional investors and hedge funds.

About CUI Global

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.

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