CUI Global Inc. (NASDAQ:CUI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.

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. “

A number of other analysts have also commented on the company. Dougherty & Co cut their price target on CUI Global from $7.50 to $7.00 and set a “buy” rating on the stock in a report on Friday. TheStreet upgraded CUI Global from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $8.50.

Shares of CUI Global (NASDAQ:CUI) opened at 5.33 on Friday. The company’s 50-day moving average price is $5.38 and its 200 day moving average price is $5.47. The company’s market cap is $111.41 million. CUI Global has a 52 week low of $4.01 and a 52 week high of $9.42.

CUI Global (NASDAQ:CUI) last posted its earnings results on Wednesday, November 9th. The company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $23.26 million for the quarter, compared to analyst estimates of $22.45 million. CUI Global had a negative return on equity of 8.96% and a negative net margin of 6.75%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. On average, equities analysts forecast that CUI Global will post ($0.29) EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. Marathon Capital Management increased its stake in CUI Global by 3.4% in the third quarter. Marathon Capital Management now owns 1,368,887 shares of the company’s stock worth $7,981,000 after buying an additional 45,285 shares in the last quarter. Wasatch Advisors Inc. bought a new stake in CUI Global during the third quarter worth about $1,149,000. Clear Harbor Asset Management LLC increased its stake in CUI Global by 3.6% in the third quarter. Clear Harbor Asset Management LLC now owns 1,127,092 shares of the company’s stock worth $6,571,000 after buying an additional 39,400 shares in the last quarter. First Eagle Investment Management LLC increased its stake in CUI Global by 6.4% in the third quarter. First Eagle Investment Management LLC now owns 2,500,542 shares of the company’s stock worth $14,578,000 after buying an additional 150,166 shares in the last quarter. Finally, Heartland Advisors Inc. increased its stake in CUI Global by 19.2% in the third quarter. Heartland Advisors Inc. now owns 2,204,923 shares of the company’s stock worth $12,855,000 after buying an additional 355,200 shares in the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.

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).

5 Day Chart for NASDAQ:CUI

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