CUI Global (NASDAQ:CUI) Cut to Sell at ValuEngine

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ValuEngine downgraded shares of CUI Global (NASDAQ:CUI) from a hold rating to a sell rating in a research note released on Friday, ValuEngine reports.

CUI has been the subject of several other research reports. Lake Street Capital cut their price target on shares of CUI Global from $6.00 to $2.30 and set a buy rating for the company in a report on Thursday, May 16th. B. Riley set a $2.00 price target on shares of Ascena Retail Group and gave the stock a hold rating in a report on Friday, May 17th.

Shares of NASDAQ CUI opened at $0.82 on Friday. The stock has a market cap of $23.46 million, a price-to-earnings ratio of -2.28 and a beta of 1.24. The business has a fifty day moving average of $0.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.06 and a current ratio of 1.70. CUI Global has a one year low of $0.77 and a one year high of $2.93.

CUI Global (NASDAQ:CUI) last issued its quarterly earnings results on Wednesday, May 15th. The industrial products company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The company had revenue of $23.01 million during the quarter. CUI Global had a negative return on equity of 21.74% and a negative net margin of 17.44%. As a group, research analysts predict that CUI Global will post 0.18 EPS for the current fiscal year.

An institutional investor recently raised its position in CUI Global stock. White Pine Capital LLC lifted its stake in CUI Global Inc (NASDAQ:CUI) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 733,493 shares of the industrial products company’s stock after purchasing an additional 13,675 shares during the period. White Pine Capital LLC owned 2.57% of CUI Global worth $866,000 at the end of the most recent quarter. Institutional investors own 50.98% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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