CUI Global (CUI) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of CUI Global (NASDAQ:CUI) from a sell rating to a hold rating in a research note published on Thursday morning.

Separately, Zacks Investment Research raised CUI Global from a strong sell rating to a hold rating in a report on Monday, October 8th.

Shares of CUI stock opened at $1.61 on Thursday. The stock has a market cap of $46.82 million, a price-to-earnings ratio of -4.60 and a beta of 0.89. CUI Global has a 1 year low of $1.17 and a 1 year high of $3.28. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.88.

CUI Global (NASDAQ:CUI) last issued its quarterly earnings data on Wednesday, November 7th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.06. The company had revenue of $24.74 million for the quarter, compared to analyst estimates of $24.03 million. CUI Global had a negative return on equity of 16.81% and a negative net margin of 16.30%. Analysts predict that CUI Global will post -0.39 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings 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 worth $2,294,000 after buying an additional 83,200 shares during the last quarter. Vanguard Group Inc grew its holdings 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 worth $2,294,000 after buying an additional 83,200 shares during the last quarter. First Wilshire Securities Management Inc. grew its holdings in shares of CUI Global by 7.6% during the second quarter. First Wilshire Securities Management Inc. now owns 575,444 shares of the industrial products company’s stock worth $1,709,000 after buying an additional 40,719 shares during the last quarter. Grace & White Inc. NY grew its holdings in shares of CUI Global by 52.2% during the third quarter. Grace & White Inc. NY now owns 408,568 shares of the industrial products company’s stock worth $911,000 after buying an additional 140,082 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of CUI Global by 153.0% during the third quarter. Wells Fargo & Company MN now owns 382,100 shares of the industrial products company’s stock worth $852,000 after buying an additional 231,090 shares during the last quarter. 54.36% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Why is Cost of Capital Important?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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