Todays Report: The CUI Global Inc. (CUI) Upgraded at TheStreet

The CUI Global Inc. (CUI) Upgraded at TheStreet

TheStreet upgraded shares of CUI Global Inc. (NASDAQ:CUI) from a sell rating to a hold rating in a research report released on Wednesday.

A number of other equities research analysts have also recently weighed in on CUI. Dougherty & Co decreased their price objective on CUI Global from $9.00 to $7.50 and set a buy rating for the company in a research note on Tuesday, August 9th. Zacks Investment Research cut CUI Global from a hold rating to a sell rating in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. CUI Global presently has a consensus rating of Buy and an average target price of $8.75.

CUI Global (NASDAQ:CUI) opened at 5.73 on Wednesday. CUI Global has a 52 week low of $4.01 and a 52 week high of $9.42. The company’s market capitalization is $119.77 million. The company’s 50 day moving average price is $5.49 and its 200-day moving average price is $6.03.

CUI Global (NASDAQ:CUI) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.04. The company had revenue of $23.10 million for the quarter, compared to analysts’ expectations of $23.97 million. CUI Global had a negative return on equity of 7.23% and a negative net margin of 6.13%. The business’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts expect that CUI Global will post ($0.30) earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC boosted its stake in CUI Global by 3.0% in the second quarter. First Eagle Investment Management LLC now owns 2,350,376 shares of the company’s stock worth $11,869,000 after buying an additional 69,134 shares during the period. Royce & Associates LP boosted its position in shares of CUI Global by 1.1% in the second quarter. Royce & Associates LP now owns 322,636 shares of the company’s stock valued at $1,629,000 after buying an additional 3,596 shares during the last quarter. Turner Investments L.P. boosted its position in shares of CUI Global by 14.7% in the second quarter. Turner Investments L.P. now owns 273,000 shares of the company’s stock valued at $1,379,000 after buying an additional 35,000 shares during the last quarter. Clear Harbor Asset Management LLC boosted its position in shares of CUI Global by 1.4% in the second quarter. Clear Harbor Asset Management LLC now owns 1,087,692 shares of the company’s stock valued at $5,493,000 after buying an additional 15,305 shares during the last quarter. Finally, Van Den Berg Management I Inc. boosted its position in shares of CUI Global by 134.0% in the second quarter. Van Den Berg Management I Inc. now owns 180,285 shares of the company’s stock valued at $910,000 after buying an additional 103,230 shares during the last quarter. Institutional investors own 56.43% of the company’s stock.

CUI Global Company Profile

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