Zacks Investment Research Downgrades CUI Global (CUI) to Sell
Zacks Investment Research downgraded shares of CUI Global (NASDAQ:CUI) from a hold rating to a sell rating in a research note released on Thursday.
According to Zacks, “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. “
Separately, ValuEngine downgraded shares of CUI Global from a sell rating to a strong sell rating in a research note on Sunday, December 31st. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $10.00.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of CUI Global by 0.8% in the second quarter. Vanguard Group Inc. now owns 859,350 shares of the industrial products company’s stock worth $3,300,000 after acquiring an additional 6,657 shares in the last quarter. Eidelman Virant Capital increased its position in shares of CUI Global by 178.6% in the fourth quarter. Eidelman Virant Capital now owns 103,427 shares of the industrial products company’s stock worth $284,000 after acquiring an additional 66,300 shares in the last quarter. Cowen Prime Services LLC increased its position in shares of CUI Global by 550.5% in the fourth quarter. Cowen Prime Services LLC now owns 94,329 shares of the industrial products company’s stock worth $259,000 after acquiring an additional 79,829 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of CUI Global by 163.0% in the fourth quarter. Renaissance Technologies LLC now owns 175,400 shares of the industrial products company’s stock worth $482,000 after acquiring an additional 108,700 shares in the last quarter. Finally, Perkins Capital Management Inc. acquired a new stake in shares of CUI Global in the fourth quarter worth $584,000. 56.77% of the stock is owned by institutional investors.
About CUI Global
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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