CUI Global (NASDAQ:CUI) Downgraded to Sell at ValuEngine

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ValuEngine downgraded shares of CUI Global (NASDAQ:CUI) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning, ValuEngine reports.

A number of other analysts have also recently commented on CUI. B. Riley restated a buy rating on shares of CUI Global in a research report on Friday, May 17th. Lake Street Capital dropped their price target on CUI Global from $6.00 to $2.30 and set a buy rating on the stock in a research report on Thursday, May 16th.

Shares of CUI remained flat at $$0.56 during midday trading on Wednesday. The stock had a trading volume of 9,673 shares, compared to its average volume of 106,876. The firm has a fifty day simple moving average of $0.72 and a 200-day simple moving average of $1.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.87. CUI Global has a twelve month low of $0.50 and a twelve month high of $2.40. The stock has a market cap of $15.92 million, a P/E ratio of -1.56 and a beta of 1.17.

CUI Global (NASDAQ:CUI) last posted its earnings results on Wednesday, August 14th. The industrial products company reported ($0.08) EPS for the quarter. CUI Global had a negative return on equity of 21.08% and a negative net margin of 14.94%. The firm had revenue of $22.81 million for the quarter. As a group, equities research analysts expect that CUI Global will post 0.18 earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. White Pine Capital LLC increased its position in CUI Global by 1.9% in the 1st quarter. White Pine Capital LLC now owns 733,493 shares of the industrial products company’s stock valued at $866,000 after acquiring an additional 13,675 shares during the period. Cowen Prime Services LLC increased its position in CUI Global by 7.3% in the 2nd quarter. Cowen Prime Services LLC now owns 226,346 shares of the industrial products company’s stock valued at $186,000 after acquiring an additional 15,333 shares during the period. Marathon Capital Management increased its position in CUI Global by 5.1% in the 2nd quarter. Marathon Capital Management now owns 839,693 shares of the industrial products company’s stock valued at $690,000 after acquiring an additional 40,590 shares during the period. Vanguard Group Inc. increased its position in CUI Global by 79.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,131,929 shares of the industrial products company’s stock valued at $931,000 after acquiring an additional 502,500 shares during the period. Finally, Grace & White Inc. NY increased its position in CUI Global by 34.9% in the 2nd quarter. Grace & White Inc. NY now owns 984,301 shares of the industrial products company’s stock valued at $809,000 after acquiring an additional 254,518 shares during the period. Hedge funds and other institutional investors own 41.82% of the company’s stock.

CUI Global Company Profile

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.

Read More: Cost of Goods Sold (COGS)

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

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