Lake Street Capital Trims CUI Global (CUI) Target Price to $2.30

CUI Global (NASDAQ:CUI) had its target price decreased by research analysts at Lake Street Capital from $6.00 to $2.30 in a report issued on Thursday, The Fly reports. The firm currently has a “buy” rating on the industrial products company’s stock. Lake Street Capital’s price target points to a potential upside of 66.67% from the company’s previous close.

CUI stock traded up $0.14 during mid-day trading on Thursday, reaching $1.38. The company had a trading volume of 28,060 shares, compared to its average volume of 44,512. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.21. The firm has a market capitalization of $32.58 million, a P/E ratio of -3.83 and a beta of 1.39. CUI Global has a fifty-two week low of $1.07 and a fifty-two week high of $3.16.

CUI Global (NASDAQ:CUI) last posted its quarterly earnings results on Wednesday, May 15th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The company 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%. On average, analysts expect that CUI Global will post 0.18 EPS for the current year.

A number of hedge funds have recently bought and sold shares of CUI. Oppenheimer & Co. Inc. raised its position in shares of CUI Global by 68.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 26,097 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 10,585 shares in the last quarter. Cowen Prime Services LLC raised its position in shares of CUI Global by 24.5% during the 4th 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. Renaissance Technologies LLC raised its position in shares of CUI Global by 8.6% during the 1st quarter. Renaissance Technologies LLC now owns 345,550 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 27,244 shares in the last quarter. WealthTrust Axiom LLC raised its position in shares of CUI Global by 2.6% during the 4th quarter. WealthTrust Axiom LLC now owns 413,991 shares of the industrial products company’s stock worth $509,000 after acquiring an additional 10,505 shares in the last quarter. Finally, First Wilshire Securities Management Inc. raised its position in shares of CUI Global by 3.1% during the 1st quarter. First Wilshire Securities Management Inc. now owns 488,394 shares of the industrial products company’s stock worth $576,000 after acquiring an additional 14,850 shares in the last quarter. 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.

Featured Story: Investing in Growth Stocks

The Fly

Receive News & Ratings for CUI Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CUI Global and related companies with MarketBeat.com's FREE daily email newsletter.