CUI Global Inc (CUI) : Wealthtrust Axiom scooped up 175,370 additional shares in CUI Global Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 466,849 shares of CUI Global Inc which is valued at $2,408,941.CUI Global Inc makes up approximately 0.91% of Wealthtrust Axiom’s portfolio.
Other Hedge Funds, Including , Magee Thomson Investment Partners sold out all of its stake in CUI during the most recent quarter. The investment firm sold 484 shares of CUI which is valued $2,536. Simplex Trading added CUI to its portfolio by purchasing 1,517 company shares during the most recent quarter which is valued at $7,782.Cutler Group Lp boosted its stake in CUI in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 1,274 shares of CUI Global Inc which is valued at $6,561.
CUI Global Inc closed down -0.045 points or -0.90% at $4.95 with 43,884 shares getting traded on Friday. Post opening the session at $4.96, the shares hit an intraday low of $4.91 and an intraday high of $5.13 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, CUI Global Inc reported $-0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $-0.04. The company had revenue of $20.70 million for the quarter, compared to analysts expectations of $22.70 million. The company’s revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.20 EPS.
Many Wall Street Analysts have commented on CUI Global Inc. Shares were Reiterated by Dougherty & Company on May 11, 2016 to “Buy” and Lowered the Price Target to $ 9 from a previous price target of $10 .
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.