The stock of CUI Global Inc (NASDAQ:CUI) is a huge mover today! About 315,836 shares traded hands or 486.66% up from the average. CUI Global Inc (NASDAQ:CUI) has declined 34.71% since February 29, 2016 and is downtrending. It has underperformed by 46.93% the S&P500.
The move comes after 5 months positive chart setup for the $125.63M company. It was reported on Oct, 4 by Barchart.com. We have $9.72 PT which if reached, will make NASDAQ:CUI worth $77.89 million more.
Analysts await CUI Global Inc (NASDAQ:CUI) to report earnings on November, 14. They expect $-0.01 earnings per share, down 200.00% or $0.02 from last year’s $0.01 per share. After $-0.05 actual earnings per share reported by CUI Global Inc for the previous quarter, Wall Street now forecasts -80.00% EPS growth.
CUI Global Inc (NASDAQ:CUI) Ratings Coverage
Out of 2 analysts covering CUI Global (NASDAQ:CUI), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. CUI Global has been the topic of 2 analyst reports since December 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, December 23 by Rodman & Renshaw. The firm has “Buy” rating by Dougherty & Company given on Wednesday, May 11.
According to Zacks Investment Research, “CUI Global Inc., formerly known as Waytronx Inc., is primarily engaged in the acquisition and development of innovative companies and technologies. CUI through its subsidiaries in engaged in the manufacture and supply of external adapters and embedded ac-dc power supplies, dc-dc converters, LED driver modules, and digital point-of-load modules. rotary encoders for motion control applications and other interconnect, sound, and thermal products. The Company also holds a 49% stake in Comex, a Japanese DSP-based hardware and software company that specializes in test and measurement equipment. It focuses on applications that demand high speed multiple channel measurement. CUI Global Inc. is based in Tualatin, Oregon.”
Insitutional Activity: The institutional sentiment decreased to 0.72 in Q2 2016. Its down 2.20, from 2.92 in 2016Q1. The ratio dived, as 16 funds sold all CUI Global Inc shares owned while 13 reduced positions. 7 funds bought stakes while 14 increased positions. They now own 11.71 million shares or 2.54% less from 12.02 million shares in 2016Q1.
State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 154,700 shares. Blackrock Inv, a New Jersey-based fund reported 3,423 shares. Blackrock Institutional Tru Na has invested 0% of its portfolio in CUI Global Inc (NASDAQ:CUI). Tower Rech Ltd Limited Liability Company (Trc) last reported 4,419 shares in the company. Us Natl Bank De last reported 0% of its portfolio in the stock. Northern Trust Corporation has invested 0% of its portfolio in CUI Global Inc (NASDAQ:CUI). Da Davidson Company last reported 0% of its portfolio in the stock. National Bank Of America Corp De holds 0% or 16 shares in its portfolio. California Public Employees Retirement System last reported 65,700 shares in the company. Deutsche National Bank & Trust Ag holds 65,825 shares or 0% of its portfolio. Croft has 0.08% invested in the company for 74,400 shares. Turner Investments Lp last reported 273,000 shares in the company. Susquehanna Intl Group Inc Llp owns 28,914 shares or 0% of their US portfolio. First Wilshire Mgmt Incorporated accumulated 0.92% or 567,025 shares. Cortina Asset Ltd Company accumulated 0.07% or 312,524 shares.
Insider Transactions: Since April 22, 2016, the stock had 6 insider purchases, and 0 sales for $58,762 net activity. Shares for $13,978 were bought by CLOUGH WILLIAM J on Wednesday, May 11. FORD DANIEL NED had bought 500 shares worth $2,930 on Tuesday, May 31. 1,600 shares with value of $9,424 were bought by PRICE THOMAS A on Friday, April 22.
More important recent CUI Global Inc (NASDAQ:CUI) news were published by: Prnewswire.com which released: “CUI Global Announces Technology Agreement between its Wholly Owned Subsidiary …” on August 17, 2016, also Prnewswire.com published article titled: “CUI Global Announces $1.9 Million Award by UK Network Innovation for Delivery …”, Seekingalpha.com published: “CUI Global, Inc.: A 30% Grower Trading At 5X 2017 PE Following …” on February 18, 2016. More interesting news about CUI Global Inc (NASDAQ:CUI) was released by: Prnewswire.com and their article: “CUI Global Announces Award of National Grid Contract for Delivery of Gas …” with publication date: July 07, 2016.
CUI Company Profile
CUI Global, Inc., incorporated on April 21, 1998, is a platform company. The Company’s divisions include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc. (CUI), CUI Japan and CUI-Canada, Inc., which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs). The Company’s Energy segment includes its subsidiaries, Orbital Gas Systems Limited (Orbital) and the Orbital Gas Systems, North America, Inc., which consist of gas related test and measurement systems, including the GasPT. The Other segment includes the remaining activities, primarily corporate activity.
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