CUI Global Inc (NASDAQ:CUI)’s share price was up 14% during trading on Wednesday . The company traded as high as $1.19 and last traded at $1.14, approximately 616,500 shares changed hands during mid-day trading. An increase of 494% from the average daily volume of 103,875 shares. The stock had previously closed at $1.00.

Separately, ValuEngine upgraded CUI Global from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

The stock’s fifty day moving average is $0.87 and its 200 day moving average is $0.83. 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 P/E ratio of -2.97 and a beta of 1.36.

In other news, CEO James F. Oneil purchased 50,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were acquired at an average price of $1.08 per share, with a total value of $54,000.00. Following the acquisition, the chief executive officer now directly owns 430,331 shares in the company, valued at $464,757.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have acquired a total of 143,050 shares of company stock valued at $141,408 in the last three months. 4.34% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clear Harbor Asset Management LLC lifted its holdings in 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 during the period. Cowen Prime Services LLC grew its position in shares of CUI Global by 7.3% in the 2nd quarter. Cowen Prime Services LLC now owns 226,346 shares of the industrial products company’s stock worth $186,000 after buying an additional 15,333 shares during the last quarter. White Pine Capital LLC increased its stake in shares of CUI Global by 8.8% during the second quarter. White Pine Capital LLC now owns 797,858 shares of the industrial products company’s stock valued at $656,000 after buying an additional 64,365 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of CUI Global by 79.8% during the second quarter. Vanguard Group Inc. now owns 1,131,929 shares of the industrial products company’s stock valued at $931,000 after buying an additional 502,500 shares during the period. 28.02% of the stock is owned by institutional investors and hedge funds.

About CUI Global (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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