CUI Global (CUI) Price Target Cut to $2.30 by Analysts at Lake Street Capital

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CUI Global (NASDAQ:CUI) had its price target cut by stock analysts at Lake Street Capital from $6.00 to $2.30 in a note issued to investors on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Lake Street Capital’s price target indicates a potential upside of 130.02% from the stock’s current price.

Shares of NASDAQ:CUI traded down $0.04 during midday trading on Thursday, hitting $1.00. The company’s stock had a trading volume of 489,250 shares, compared to its average volume of 219,364. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.21. CUI Global has a 12-month low of $0.95 and a 12-month high of $3.16.

CUI Global (NASDAQ:CUI) last issued its earnings results on Wednesday, May 15th. The industrial products company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). CUI Global had a negative return on equity of 21.74% and a negative net margin of 17.44%. The firm had revenue of $23.01 million for the quarter. On average, research analysts expect that CUI Global will post 0.18 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in CUI Global by 8.8% during the third quarter. Vanguard Group Inc. now owns 1,028,704 shares of the industrial products company’s stock worth $2,294,000 after purchasing an additional 83,200 shares during the period. WealthTrust Axiom LLC raised its stake in CUI Global by 2.6% during the fourth quarter. WealthTrust Axiom LLC now owns 413,991 shares of the industrial products company’s stock worth $509,000 after purchasing an additional 10,505 shares during the period. Vanguard Group Inc raised its stake in CUI Global by 8.8% during the third quarter. Vanguard Group Inc now owns 1,028,704 shares of the industrial products company’s stock worth $2,294,000 after purchasing an additional 83,200 shares during the period. Clear Harbor Asset Management LLC raised its stake in CUI Global by 0.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 1,100,457 shares of the industrial products company’s stock worth $1,354,000 after purchasing an additional 9,305 shares during the period. Finally, Grace & White Inc. NY raised its stake in CUI Global by 78.6% during the fourth quarter. Grace & White Inc. NY now owns 729,783 shares of the industrial products company’s stock worth $898,000 after purchasing an additional 321,215 shares during the period. 51.50% of the stock is currently owned by institutional investors.

About CUI Global

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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