CUI Global Inc (CUI) was Reiterated by Dougherty & Company to “Buy” while Lowering the Price Target of the company shares to $ 7.50 from a previous price target of $9 . Dougherty & Company advised their investors in a research report released on Aug 9, 2016.
On the company’s financial health, CUI Global Inc reported $-0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.03. The company had revenue of $23.10 million for the quarter, compared to analysts expectations of $23.96 million. The company’s revenue was up .9% compared to the same quarter last year.
CUI Global Inc opened for trading at $4.98 and hit $5.03 on the upside on Monday, eventually ending the session at $4.98, with a gain of 0.81% or 0.04 points. The heightened volatility saw the trading volume jump to 58,899 shares. Company has a market cap of $104 M.
In a different news, on Jun 27, 2016, Thomas A Price (director) purchased 2,000 shares at $4.96 per share price. According to the SEC, on Jun 22, 2016, William J Clough (CEO) purchased 1,000 shares at $5.20 per share price. On May 31, 2016, Daniel Ned Ford (CFO) purchased 500 shares at $5.86 per share price, according to the Form-4 filing with the securities and exchange commission.
CUI Global Inc. is a technology company. The Company operates through its three subsidiaries: CUI Inc. CUI Japan and Orbital Gas Systems Limited (Orbital). The Company operates through three segments: Power and Electro-Mechanical Gas and Other. CUI Inc. and CUI Japan are providers of electronic components including power supplies transformers converters connectors and industrial controls for Original Equipment Manufacturers (OEMs). Orbital is a natural gas systems integrator in the United Kingdom. The Company’s Power and Electro-Mechanical segment is focused on the operations of CUI Inc. and CUI Japan for the sale of internal and external power supplies and related components industrial controls and test and measurement devices. The Company’s Gas segment is focused on the operations of Orbital Gas Systems Limited which includes gas related test and measurement systems including the GasPT2.