News stories about CUI Global (NASDAQ:CUI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CUI Global earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.7754738891354 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
CUI Global (NASDAQ:CUI) traded up 2.86% during mid-day trading on Tuesday, hitting $3.24. 46,993 shares of the stock were exchanged. The stock has a 50 day moving average of $3.56 and a 200-day moving average of $4.60. CUI Global has a 52-week low of $3.01 and a 52-week high of $7.39. The stock’s market cap is $67.91 million.
CUI Global (NASDAQ:CUI) last released its quarterly earnings data on Wednesday, May 10th. The industrial products company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.10. The firm had revenue of $17.80 million during the quarter, compared to the consensus estimate of $21.20 million. CUI Global had a negative net margin of 10.10% and a negative return on equity of 15.64%. The business’s revenue was down 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. Equities analysts predict that CUI Global will post ($0.40) EPS for the current fiscal year.
CUI has been the subject of several research reports. TheStreet lowered shares of CUI Global from a “c-” rating to a “d+” rating in a report on Monday, April 17th. Ladenburg Thalmann Financial Services initiated coverage on shares of CUI Global in a report on Wednesday, May 31st. They issued a “buy” rating and a $8.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of CUI Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $9.00.
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In other news, CEO William J. Clough acquired 17,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average cost of $3.28 per share, for a total transaction of $57,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,666 shares of the company’s stock, valued at approximately $123,544.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 34,615 shares of company stock valued at $118,306 over the last 90 days. 4.67% of the stock is currently owned by corporate insiders.
CUI Global Company Profile
CUI Global, Inc is a platform company. The Company’s segments 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).
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