CUI Global (NASDAQ:CUI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a $2.00 target price on the industrial products company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 17.65% from the company’s current price.
According to Zacks, “CUI Global Inc., formerly known as Waytronx Inc., is primarily engaged in the acquisition and development of innovative companies and technologies. CUI through its subsidiaries in engaged in the manufacture and supply of external adapters and embedded ac-dc power supplies, dc-dc converters, LED driver modules, and digital point-of-load modules. rotary encoders for motion control applications and other interconnect, sound, and thermal products. The Company also holds a 49% stake in Comex, a Japanese DSP-based hardware and software company that specializes in test and measurement equipment. It focuses on applications that demand high speed multiple channel measurement. CUI Global Inc. is based in Tualatin, Oregon. “
Separately, ValuEngine upgraded CUI Global from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd.
CUI Global (NASDAQ:CUI) last posted its earnings results on Wednesday, November 7th. The industrial products company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.06. The firm had revenue of $24.74 million for the quarter, compared to analyst estimates of $24.03 million. CUI Global had a negative return on equity of 16.40% and a negative net margin of 16.30%. Research analysts anticipate that CUI Global will post -0.5 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN boosted its position in CUI Global by 153.0% during the third quarter. Wells Fargo & Company MN now owns 382,100 shares of the industrial products company’s stock worth $852,000 after purchasing an additional 231,090 shares in the last quarter. Cowen Prime Services LLC boosted its position in CUI Global by 23.3% during the third quarter. Cowen Prime Services LLC now owns 178,634 shares of the industrial products company’s stock worth $398,000 after purchasing an additional 33,735 shares in the last quarter. Grace & White Inc. NY lifted its position in shares of CUI Global by 52.2% in the third quarter. Grace & White Inc. NY now owns 408,568 shares of the industrial products company’s stock valued at $911,000 after acquiring an additional 140,082 shares in the last quarter. First Wilshire Securities Management Inc. lifted its position in shares of CUI Global by 7.6% in the second quarter. First Wilshire Securities Management Inc. now owns 575,444 shares of the industrial products company’s stock valued at $1,709,000 after acquiring an additional 40,719 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of CUI Global by 16.3% in the second quarter. Renaissance Technologies LLC now owns 238,100 shares of the industrial products company’s stock valued at $707,000 after acquiring an additional 33,400 shares in the last quarter. Institutional investors own 53.42% 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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