CUI Global, Inc. (NASDAQ:CUI) CFO Daniel Ned Ford acquired 12,500 shares of the company’s stock in a transaction dated Thursday, October 19th. The shares were bought at an average price of $2.80 per share, for a total transaction of $35,000.00. Following the purchase, the chief financial officer now owns 49,554 shares in the company, valued at $138,751.20. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of CUI Global, Inc. (CUI) opened at 3.17 on Friday. The company’s market cap is $66.55 million. The company has a 50-day moving average price of $3.53 and a 200-day moving average price of $3.71. CUI Global, Inc. has a 1-year low of $2.78 and a 1-year high of $7.39.
CUI Global (NASDAQ:CUI) last issued its quarterly earnings results on Wednesday, August 9th. The industrial products company reported ($0.07) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.05. The business had revenue of $22.50 million for the quarter, compared to analyst estimates of $19.96 million. CUI Global had a negative return on equity of 16.61% and a negative net margin of 10.29%. CUI Global’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company posted ($0.07) earnings per share. Equities research analysts expect that CUI Global, Inc. will post ($0.38) earnings per share for the current fiscal year.
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A number of equities research analysts recently weighed in on CUI shares. HC Wainwright set a $12.00 price target on CUI Global and gave the company a “buy” rating in a research note on Tuesday, October 17th. ValuEngine upgraded CUI Global from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Zacks Investment Research upgraded CUI Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.00.
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in CUI Global by 0.8% during the second quarter. Vanguard Group Inc. now owns 859,350 shares of the industrial products company’s stock worth $3,300,000 after acquiring an additional 6,657 shares during the period. White Pine Capital LLC lifted its holdings in CUI Global by 1.6% during the second quarter. White Pine Capital LLC now owns 267,278 shares of the industrial products company’s stock worth $1,026,000 after acquiring an additional 4,300 shares during the period. Marathon Capital Management lifted its holdings in CUI Global by 2.6% during the second quarter. Marathon Capital Management now owns 1,610,792 shares of the industrial products company’s stock worth $6,185,000 after acquiring an additional 40,550 shares during the period. Heartland Advisors Inc. lifted its holdings in CUI Global by 0.4% during the second quarter. Heartland Advisors Inc. now owns 2,234,850 shares of the industrial products company’s stock worth $8,582,000 after acquiring an additional 9,150 shares during the period. Finally, Royce & Associates LP lifted its holdings in CUI Global by 54.6% during the second quarter. Royce & Associates LP now owns 948,607 shares of the industrial products company’s stock worth $3,643,000 after acquiring an additional 335,182 shares during the period. Institutional investors and hedge funds own 55.65% of the company’s stock.
CUI Global Company Profile
CUI Global, Inc is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc (CUI), CUI Japan and CUI-Canada, Inc, which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs).
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