CUI has been the subject of a number of other research reports. Lake Street Capital decreased their target price on shares of CUI Global from $6.00 to $2.30 and set a “buy” rating for the company in a research report on Thursday, May 16th. B. Riley set a $2.00 target price on shares of Ascena Retail Group and gave the company a “hold” rating in a research report on Friday, May 17th.
NASDAQ:CUI traded down $0.05 on Friday, reaching $0.82. 90,800 shares of the stock traded hands, compared to its average volume of 119,602. The stock has a market capitalization of $24.32 million, a price-to-earnings ratio of -2.28 and a beta of 1.24. The firm has a 50 day moving average of $0.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.06. CUI Global has a 1-year low of $0.77 and a 1-year high of $2.93.
A hedge fund recently raised its stake in CUI Global stock. White Pine Capital LLC lifted its stake in shares of CUI Global Inc (NASDAQ:CUI) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 733,493 shares of the industrial products company’s stock after buying an additional 13,675 shares during the quarter. White Pine Capital LLC owned about 2.57% of CUI Global worth $866,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 50.98% of the company’s stock.
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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