Somewhat Positive Press Coverage Likely to Impact CUI Global (CUI) Stock Price

News articles about CUI Global (NASDAQ:CUI) have trended somewhat positive this week, Accern reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CUI Global earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 68 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

Shares of CUI Global (NASDAQ CUI) remained flat at $3.50 during mid-day trading on Friday. 30,143 shares of the stock traded hands. The stock’s 50-day moving average price is $3.56 and its 200-day moving average price is $4.51. The company’s market capitalization is $73.43 million. 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 analysts’ consensus estimates of ($0.12) by $0.05. CUI Global had a negative net margin of 10.29% and a negative return on equity of 16.26%. The firm had revenue of $22.50 million for the quarter, compared to analysts’ expectations of $19.96 million. During the same period last year, the firm earned ($0.07) earnings per share. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. Equities research analysts anticipate that CUI Global will post ($0.36) earnings per share for the current year.

A number of equities analysts have weighed in on the company. TheStreet downgraded CUI Global from a “c-” rating to a “d+” rating in a report on Monday, April 17th. Zacks Investment Research upgraded CUI Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. HC Wainwright set a $12.00 price target on CUI Global and gave the stock a “buy” rating in a report on Thursday. Finally, Ladenburg Thalmann Financial Services assumed coverage on CUI Global in a report on Wednesday, May 31st. They set a “buy” rating and a $8.00 price target on the stock. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $9.00.

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In related news, CEO William J. Clough acquired 17,500 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average cost of $3.28 per share, for a total transaction of $57,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,666 shares in the company, valued at approximately $123,544.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have purchased 28,575 shares of company stock worth $95,386. 4.67% of the stock is currently owned by company insiders.

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).

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