Zacks Investment Research cut shares of CUI Global, Inc. (NASDAQ:CUI) from a hold rating to a sell rating in a report released on Wednesday.

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. “

Several other equities research analysts also recently commented on CUI. HC Wainwright set a $12.00 target price on shares of CUI Global and gave the company a buy rating in a research note on Thursday, August 10th. ValuEngine downgraded shares of CUI Global from a sell rating to a strong sell rating in a research note on Friday, September 22nd. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $9.00.

Shares of CUI Global (CUI) traded down 0.90% during mid-day trading on Wednesday, reaching $3.29. 191,588 shares of the company traded hands. The stock’s market capitalization is $69.07 million. The stock’s 50 day moving average is $3.48 and its 200 day moving average is $3.67. CUI Global has a 52-week low of $2.78 and a 52-week high of $7.39.

CUI Global (NASDAQ:CUI) last issued its earnings results on Wednesday, August 9th. The industrial products company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.05. CUI Global had a negative net margin of 10.29% and a negative return on equity of 16.61%. The company had revenue of $22.50 million for the quarter, compared to the consensus estimate of $19.96 million. During the same quarter in the previous year, the company earned ($0.07) EPS. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, analysts anticipate that CUI Global will post ($0.38) earnings per share for the current year.

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In related news, CFO Daniel Ned Ford purchased 12,500 shares of CUI Global stock in a transaction that occurred on Thursday, October 19th. The shares were acquired at an average price of $2.80 per share, for a total transaction of $35,000.00. Following the transaction, the chief financial officer now directly owns 49,554 shares in the company, valued at $138,751.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.23% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marathon Capital Management lifted its position in CUI Global by 2.6% during the 2nd quarter. Marathon Capital Management now owns 1,610,792 shares of the industrial products company’s stock worth $6,185,000 after buying an additional 40,550 shares in the last quarter. WealthTrust Axiom LLC lifted its position in CUI Global by 10.5% during the 2nd quarter. WealthTrust Axiom LLC now owns 514,594 shares of the industrial products company’s stock worth $1,976,000 after buying an additional 48,832 shares in the last quarter. Royce & Associates LP lifted its position in CUI Global by 54.6% during the 2nd quarter. Royce & Associates LP now owns 948,607 shares of the industrial products company’s stock worth $3,643,000 after buying an additional 335,182 shares in the last quarter. White Pine Capital LLC lifted its position in CUI Global by 1.6% during the 2nd quarter. White Pine Capital LLC now owns 267,278 shares of the industrial products company’s stock worth $1,026,000 after buying an additional 4,300 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in CUI Global by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 859,350 shares of the industrial products company’s stock worth $3,300,000 after buying an additional 6,657 shares in the last quarter. Institutional investors and hedge funds own 55.65% of the company’s stock.

About CUI Global

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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