CUI Global (CUI) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of CUI Global (NASDAQ:CUI) from a strong sell rating to a hold rating in a research report sent to investors 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. “

CUI has been the subject of several other reports. ValuEngine raised shares of CUI Global from a strong sell rating to a sell rating in a report on Tuesday, October 10th. HC Wainwright set a $12.00 target price on shares of CUI Global and gave the stock a buy rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $10.00.

CUI Global (NASDAQ:CUI) traded up $0.06 during trading on Friday, reaching $2.71. 61,254 shares of the company traded hands, compared to its average volume of 86,396. The stock has a market cap of $75.27, a price-to-earnings ratio of -5.89 and a beta of 0.30. CUI Global has a one year low of $2.44 and a one year high of $6.88. The company has a quick ratio of 0.72, a current ratio of 1.39 and a debt-to-equity ratio of 0.24.

In related news, CFO Daniel Ned Ford acquired 12,500 shares of the business’s stock in a transaction on Thursday, October 19th. The stock was acquired at an average cost 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 in the company, valued at approximately $138,751.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have acquired 25,000 shares of company stock valued at $68,600. Insiders own 5.23% of the company’s stock.

An institutional investor recently raised its position in CUI Global stock. Vanguard Group Inc. raised its stake in shares of CUI Global Inc (NASDAQ:CUI) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 859,350 shares of the industrial products company’s stock after buying an additional 6,657 shares during the quarter. Vanguard Group Inc. owned about 4.10% of CUI Global worth $3,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 45.75% of the stock is currently owned by institutional investors and hedge funds.

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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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