CUI Global, Inc. (NASDAQ:CUI)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a research note issued on Monday. They presently have a $12.00 price target on the industrial products company’s stock. HC Wainwright’s target price points to a potential upside of 214.96% from the stock’s current price.
The analysts wrote, “Calorific Value Analyzer Application for Natural Gas Billing in UK Progresses Continuing coverage under the name H.C. Wainwright & Co. with a Buy rating. Effective October 9, 2017, research in the above titled name will now be published under H.C. Wainwright & Co. and no longer distributed in conjunction with ‘Rodman & Renshaw, a unit of H.C. Wainwright’. Future Billing Methodology (FBM) project moves to Phase 2. On October 9, 2017, CUI announced that the United Kingdom’s Office of Gas and Electricity Markets (Ofgem) has approved the Future Billing Methodology (FBM) project to move to Phase 2.””
Several other brokerages have also recently issued reports on CUI. Zacks Investment Research raised shares of CUI Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine lowered shares of CUI Global from a “sell” rating to a “strong sell” rating in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. CUI Global currently has a consensus rating of “Hold” and an average price target of $9.00.
Shares of CUI Global (CUI) opened at 3.81 on Monday. The stock’s market capitalization is $79.99 million. The firm has a 50-day moving average of $3.65 and a 200 day moving average of $3.78. CUI Global has a 52-week low of $3.01 and a 52-week high of $7.39.
CUI Global (NASDAQ:CUI) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.05. The company had revenue of $22.50 million for the quarter, compared to analysts’ expectations of $19.96 million. CUI Global had a negative net margin of 10.29% and a negative return on equity of 16.61%. CUI Global’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. Equities research analysts forecast that CUI Global will post ($0.38) EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in CUI. White Pine Capital LLC boosted its position in shares of CUI Global by 1.6% in the 2nd quarter. White Pine Capital LLC now owns 267,278 shares of the industrial products company’s stock worth $1,026,000 after buying an additional 4,300 shares in the last quarter. WealthTrust Axiom LLC boosted its position in shares of CUI Global by 10.5% in the 2nd quarter. WealthTrust Axiom LLC now owns 514,594 shares of the industrial products company’s stock worth $1,976,000 after buying an additional 48,832 shares in the last quarter. Royce & Associates LP boosted its position in shares of CUI Global by 37.0% in the 1st quarter. Royce & Associates LP now owns 613,425 shares of the industrial products company’s stock worth $2,908,000 after buying an additional 165,789 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of CUI Global by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 859,350 shares of the industrial products company’s stock worth $3,300,000 after buying an additional 6,657 shares in the last quarter. Finally, Marathon Capital Management boosted its position in shares of CUI Global by 2.6% in the 2nd quarter. Marathon Capital Management now owns 1,610,792 shares of the industrial products company’s stock worth $6,185,000 after buying an additional 40,550 shares in the last quarter. Institutional investors and hedge funds own 55.65% of the company’s stock.
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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