CUI Global Inc (NASDAQ:CUI) shares shot up 14% during mid-day trading on Wednesday . The stock traded as high as $1.19 and last traded at $1.14, 616,500 shares traded hands during mid-day trading. An increase of 494% from the average session volume of 103,875 shares. The stock had previously closed at $1.00.
Separately, ValuEngine raised shares of CUI Global from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.
The company has a current ratio of 2.23, a quick ratio of 2.15 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $29.89 million, a price-to-earnings ratio of -3.17 and a beta of 1.36. The firm’s 50 day simple moving average is $0.85 and its 200-day simple moving average is $0.83.
In other news, CEO James F. Oneil acquired 50,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were bought at an average cost of $1.08 per share, with a total value of $54,000.00. Following the purchase, the chief executive officer now owns 430,331 shares of the company’s stock, valued at approximately $464,757.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 143,050 shares of company stock worth $141,408 over the last three months. 4.34% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of CUI. Cowen Prime Services LLC grew its stake in shares of 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 worth $186,000 after purchasing an additional 15,333 shares during the period. Vanguard Group Inc. boosted its position in shares of 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 worth $931,000 after buying an additional 502,500 shares in the last quarter. White Pine Capital LLC boosted its position in shares of CUI Global by 8.8% in the 2nd quarter. White Pine Capital LLC now owns 797,858 shares of the industrial products company’s stock worth $656,000 after buying an additional 64,365 shares in the last quarter. Finally, Clear Harbor Asset Management LLC boosted its position in shares of CUI Global by 17.1% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 164,035 shares of the industrial products company’s stock worth $139,000 after buying an additional 23,920 shares in the last quarter. 28.02% of the stock is currently owned by institutional investors and hedge funds.
CUI Global Company Profile (NASDAQ:CUI)
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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