Time to Sell CUI Global, Inc. (CUI) After The Completion of This Double Bottom?

February 21, 2018 - By Stephen Andrade

Investors sentiment decreased to 0.64 in Q3 2017. Its down 0.09, from 0.73 in 2017Q2. It fall, as 1 investors sold CUI Global, Inc. shares while 13 reduced holdings. 4 funds opened positions while 5 raised stakes. 11.42 million shares or 2.21% less from 11.68 million shares in 2017Q2 were reported.
First Wilshire Securities Mngmt Inc reported 586,625 shares. Bessemer Group holds 0% or 16,000 shares. 9,220 were accumulated by Wells Fargo Mn. Renaissance Tech Llc holds 0% or 66,700 shares in its portfolio. White Pine Llc has invested 0% of its portfolio in CUI Global, Inc. (NASDAQ:CUI). Wealthtrust Axiom Limited Com owns 482,296 shares. Heartland Advsr Incorporated invested in 0.51% or 2.12M shares. Northern Tru Corporation has invested 0% in CUI Global, Inc. (NASDAQ:CUI). 118,330 were accumulated by Croft. Barclays Public Ltd Co holds 91 shares. Royal National Bank & Trust Of Canada has 53,746 shares. Brown Advisory holds 12,475 shares. Clear Harbor Asset Ltd Company holds 1.18M shares or 0.86% of its portfolio. Tower Research Capital Ltd (Trc) has invested 0% of its portfolio in CUI Global, Inc. (NASDAQ:CUI). Moreover, Comml Bank Of America De has 0% invested in CUI Global, Inc. (NASDAQ:CUI) for 16 shares.

The chart of CUI Global, Inc. (CUI) shows a double bottom with $2.65 target or 7.00 % below today’s $2.85 share price. The 7 months chart pattern indicates high risk for the $80.95 million company. It was reported on Feb, 21 by Finviz.com. If the $2.65 price target is reached, the company will be worth $5.67 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.70% or $0.02 during the last trading session, reaching $2.85. About 1,143 shares traded. CUI Global, Inc. (NASDAQ:CUI) has declined 32.86% since February 21, 2017 and is downtrending. It has underperformed by 49.56% the S&P500.

Analysts await CUI Global, Inc. (NASDAQ:CUI) to report earnings on March, 13. They expect $-0.06 EPS, up 50.00 % or $0.06 from last year’s $-0.12 per share. After $-0.07 actual EPS reported by CUI Global, Inc. for the previous quarter, Wall Street now forecasts -14.29 % EPS growth.

CUI Global, Inc. (NASDAQ:CUI) Ratings Coverage

Among 4 analysts covering CUI Global (NASDAQ:CUI), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. CUI Global has $12.0 highest and $7.0 lowest target. $9.75’s average target is 242.11% above currents $2.85 stock price. CUI Global had 5 analyst reports since December 23, 2015 according to SRatingsIntel. The company was maintained on Wednesday, May 11 by Dougherty & Company. On Thursday, August 10 the stock rating was maintained by H.C. Wainwright with “Buy”. The firm earned “Buy” rating on Wednesday, December 23 by Rodman & Renshaw. Dougherty & Company maintained the shares of CUI in report on Friday, November 11 with “Buy” rating.

More notable recent CUI Global, Inc. (NASDAQ:CUI) news were published by: Seekingalpha.com which released: “CUI Global’s (CUI) CEO William Clough on Q1 2017 Results – Earnings Call …” on May 10, 2017, also Prnewswire.com with their article: “CUI Global, Inc. Reports Unaudited Third Quarter 2017 Financial Results” published on November 09, 2017, Prnewswire.com published: “CUI Global Secures Repeat Order for GasPTi Device from Leading North American …” on February 20, 2018. More interesting news about CUI Global, Inc. (NASDAQ:CUI) were released by: Forbes.com and their article: “Growing Pipeline Opportunities For CUI Global After Plunge” published on March 16, 2017 as well as Prnewswire.com‘s news article titled: “CUI Global, Inc. to Announce Second Quarter 2017 Financial Results on August 9” with publication date: July 19, 2017.

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