CUI Global (NASDAQ:CUI) issued its quarterly earnings results on Wednesday. The industrial products company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02), Morningstar.com reports. The firm had revenue of $23.01 million during the quarter. CUI Global had a negative net margin of 17.90% and a negative return on equity of 20.55%.
Shares of CUI Global stock traded up $0.06 during trading on Thursday, reaching $1.26. The stock had a trading volume of 2,141,980 shares, compared to its average volume of 44,512. The firm has a market cap of $32.58 million, a price-to-earnings ratio of -3.50 and a beta of 1.39. CUI Global has a 52 week low of $1.07 and a 52 week high of $3.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.21.
Separately, Lake Street Capital cut their price target on CUI Global from $6.00 to $2.30 and set a “buy” rating on the stock in a report on Thursday.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CUI. Wells Fargo & Company MN raised its holdings in CUI Global by 153.0% during the third quarter. Wells Fargo & Company MN now owns 382,100 shares of the industrial products company’s stock worth $852,000 after acquiring an additional 231,090 shares in the last quarter. Vanguard Group Inc. raised its holdings 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 acquiring an additional 83,200 shares in the last quarter. Vanguard Group Inc raised its holdings 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 acquiring an additional 83,200 shares in the last quarter. Cowen Prime Services LLC raised its holdings in CUI Global by 24.5% during the fourth quarter. Cowen Prime Services LLC now owns 222,433 shares of the industrial products company’s stock worth $274,000 after acquiring an additional 43,799 shares in the last quarter. Finally, Grace & White Inc. NY raised its holdings 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 acquiring an additional 321,215 shares in the last quarter. Institutional investors and hedge funds own 51.50% 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 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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