William J. Clough Purchases 15,000 Shares of CUI Global Inc (NASDAQ:CUI) Stock
CUI Global Inc (NASDAQ:CUI) CEO William J. Clough bought 15,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were acquired at an average price of $0.74 per share, with a total value of $11,100.00. Following the transaction, the chief executive officer now directly owns 135,166 shares in the company, valued at approximately $100,022.84. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of CUI stock traded down $0.06 on Monday, hitting $0.73. The stock had a trading volume of 9,574 shares, compared to its average volume of 84,441. CUI Global Inc has a twelve month low of $0.63 and a twelve month high of $2.40. The firm has a market cap of $20.94 million, a P/E ratio of -2.02 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 1.06 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average price of $0.79 and a two-hundred day moving average price of $1.10.
CUI has been the subject of several recent research reports. B. Riley reiterated a “buy” rating on shares of CUI Global in a research report on Friday, May 17th. ValuEngine upgraded shares of CUI Global from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Lake Street Capital dropped their target price on shares of CUI Global from $6.00 to $2.30 and set a “buy” rating for the company in a research report on Thursday, May 16th.
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.
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