ValuEngine Lowers CUI Global (NASDAQ:CUI) to Sell

CUI Global (NASDAQ:CUI) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, September 4th, ValuEngine reports.

A number of other research analysts also recently issued reports on CUI. B. Riley reiterated a “buy” rating on shares of CUI Global in a research note 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 for the company in a research note on Thursday, May 16th.

Shares of NASDAQ CUI traded down $0.01 during midday trading on Wednesday, hitting $0.78. 2,643 shares of the company’s stock traded hands, compared to its average volume of 109,910. The firm has a fifty day moving average of $0.70 and a 200 day moving average of $1.00. The stock has a market capitalization of $22.37 million, a price-to-earnings ratio of -2.17 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.37. CUI Global has a 1 year low of $0.50 and a 1 year high of $2.40.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. White Pine Capital LLC increased its holdings in CUI Global by 1.9% in the first quarter. White Pine Capital LLC now owns 733,493 shares of the industrial products company’s stock valued at $866,000 after buying an additional 13,675 shares during the last quarter. Grace & White Inc. NY raised its stake in CUI Global by 34.9% during the 2nd quarter. Grace & White Inc. NY now owns 984,301 shares of the industrial products company’s stock valued at $809,000 after purchasing an additional 254,518 shares during the period. Marathon Capital Management raised its stake in CUI Global by 5.1% during the 2nd quarter. Marathon Capital Management now owns 839,693 shares of the industrial products company’s stock valued at $690,000 after purchasing an additional 40,590 shares during the period. Cowen Prime Services LLC raised its stake in CUI Global by 7.3% during the 2nd quarter. Cowen Prime Services LLC now owns 226,346 shares of the industrial products company’s stock valued at $186,000 after purchasing an additional 15,333 shares during the period. Finally, Vanguard Group Inc. raised its stake in CUI Global by 79.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,131,929 shares of the industrial products company’s stock valued at $931,000 after purchasing an additional 502,500 shares during the period. Hedge funds and other institutional investors own 43.62% 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.

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