CUI Global Inc. (NASDAQ:CUI) has been given an average recommendation of “Buy” by the six research firms that are currently covering the firm. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $7.50.
CUI has been the subject of several research reports. Dougherty & Co decreased their price objective on shares of CUI Global from $9.00 to $7.50 and set a “buy” rating for the company in a research note on Tuesday, August 9th. TheStreet downgraded shares of CUI Global from a “hold” rating to a “sell” rating in a research note on Thursday, July 7th. Finally, Zacks Investment Research downgraded shares of CUI Global from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th.
Several hedge funds and other institutional investors have recently made changes to their positions in CUI. Wedbush Securities Inc. purchased a new position in shares of CUI Global during the second quarter valued at $113,000. A.R.T. Advisors LLC bought a new position in CUI Global during the second quarter worth approximately $126,000. BlackRock Institutional Trust Company N.A. increased its position in CUI Global by 11.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 27,351 shares of the company’s stock worth $221,000 after buying an additional 2,865 shares during the period. Royal Bank of Canada increased its position in CUI Global by 8.5% in the second quarter. Royal Bank of Canada now owns 54,310 shares of the company’s stock worth $274,000 after buying an additional 4,250 shares during the period. Finally, Emerald Acquisition Ltd. bought a new position in CUI Global during the second quarter worth approximately $383,000. Institutional investors and hedge funds own 56.43% of the company’s stock.
CUI Global (NASDAQ:CUI) opened at 5.39 on Monday. CUI Global has a 1-year low of $4.01 and a 1-year high of $9.42. The firm has a 50-day moving average of $5.55 and a 200-day moving average of $5.97. The firm’s market capitalization is $112.67 million.
CUI Global (NASDAQ:CUI) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.04. CUI Global had a negative return on equity of 7.23% and a negative net margin of 6.13%. The business had revenue of $23.10 million for the quarter, compared to analysts’ expectations of $23.97 million. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts expect that CUI Global will post ($0.30) earnings per share for the current year.