CUI Global (CUI) Hits New 52-Week Low at $1.59

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CUI Global Inc (NASDAQ:CUI)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $1.59 and last traded at $1.63, with a volume of 475 shares trading hands. The stock had previously closed at $1.64.

Separately, Zacks Investment Research upgraded shares of CUI Global from a “strong sell” rating to a “hold” rating in a research note on Monday, October 8th.

The company has a quick ratio of 1.01, a current ratio of 1.88 and a debt-to-equity ratio of 0.17.

CUI Global (NASDAQ:CUI) last posted its earnings results on Wednesday, November 7th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. The business had revenue of $24.74 million for the quarter, compared to analysts’ expectations of $24.03 million. CUI Global had a negative net margin of 16.30% and a negative return on equity of 16.81%. As a group, analysts expect that CUI Global Inc will post -0.39 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in shares of CUI Global by 31.7% during the 2nd quarter. BlackRock Inc. now owns 109,908 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 26,470 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of CUI Global by 16.3% during the 2nd quarter. Renaissance Technologies LLC now owns 238,100 shares of the industrial products company’s stock valued at $707,000 after purchasing an additional 33,400 shares during the last quarter. Cowen Prime Services LLC increased its position in shares of CUI Global by 23.3% during the 3rd quarter. Cowen Prime Services LLC now owns 178,634 shares of the industrial products company’s stock valued at $398,000 after purchasing an additional 33,735 shares during the last quarter. Royce & Associates LP increased its position in shares of CUI Global by 2.0% during the 2nd quarter. Royce & Associates LP now owns 1,786,532 shares of the industrial products company’s stock valued at $5,306,000 after purchasing an additional 35,000 shares during the last quarter. Finally, First Wilshire Securities Management Inc. increased its position in shares of CUI Global by 7.6% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 575,444 shares of the industrial products company’s stock valued at $1,709,000 after purchasing an additional 40,719 shares during the last quarter. Institutional investors and hedge funds own 54.36% of the company’s stock.

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CUI Global Company Profile (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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