CUI Global (CUI) Earns Buy Rating from Analysts at B. Riley

Equities researchers at B. Riley assumed coverage on shares of CUI Global (NASDAQ:CUI) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a $56.00 price target on the industrial products company’s stock.

CUI has been the subject of several other reports. Zacks Investment Research cut shares of CUI Global from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. ValuEngine cut shares of CUI Global from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. One equities research 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.33.

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Shares of NASDAQ CUI opened at $2.63 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 2.18 and a debt-to-equity ratio of 0.15. CUI Global has a 12 month low of $2.44 and a 12 month high of $4.77. The company has a market cap of $74.63, a price-to-earnings ratio of -7.51 and a beta of 0.33.

CUI Global (NASDAQ:CUI) last posted its earnings results on Wednesday, March 14th. The industrial products company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02). CUI Global had a negative net margin of 15.12% and a negative return on equity of 16.70%. The firm had revenue of $21.14 million during the quarter, compared to analyst estimates of $21.60 million. equities research analysts forecast that CUI Global will post -0.16 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Heartland Advisors Inc. lifted its stake in shares of CUI Global by 13.5% in the 4th quarter. Heartland Advisors Inc. now owns 2,407,523 shares of the industrial products company’s stock valued at $6,621,000 after purchasing an additional 285,463 shares during the period. Royce & Associates LP lifted its stake in shares of CUI Global by 75.0% in the 4th quarter. Royce & Associates LP now owns 1,621,107 shares of the industrial products company’s stock valued at $4,458,000 after purchasing an additional 695,000 shares during the period. White Pine Capital LLC increased its holdings in CUI Global by 118.5% in the 4th quarter. White Pine Capital LLC now owns 842,616 shares of the industrial products company’s stock worth $2,317,000 after acquiring an additional 457,018 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in CUI Global in the 4th quarter worth $1,393,000. Finally, Perritt Capital Management Inc. purchased a new stake in CUI Global in the 4th quarter worth $963,000. Hedge funds and other institutional investors own 52.64% of the company’s stock.

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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 through two segments, Power and Electro-Mechanical, and Energy. The Power and Electromechanical segment offers components, including connectors, speakers, buzzers, test and measurement devices, and control solutions comprising encoders and sensors; and power solutions, such as Novum and ICE Block that addresses power and related accessories to consumer electronics, medical, and defense industries.

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