CUI Global (CUI) is Initiated by Rodman & Renshaw to Buy, Price Target at $12

CUI Global (CUI) is Initiated by Rodman & Renshaw to Buy according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $12. The shares recommendation by the Brokerage Firm was released on Dec-24-2015.

CUI Global, Inc. (NASDAQ:CUI) witnessed a volatile trading activity on Thursday and eventually ended flat at 0% or 0 points without letting the bulls or bears take much advantage. The trading began at $6.9 and reached the intraday high at $7.03. The bulls started the profit booking and pushed the shares to intraday low of $6.9. The trading session was marked by a volume range of 41,894 shares exchanging hands. The 52-week high of the shares is $7.69 and the 52-week low is $4.12. The market cap of the company stands at $146 million and there are 20,805,241 shares in public circulation.

Analysts at Zacks have given a short term rating of strong buy on CUI Global, Inc. (NASDAQ:CUI) with a rank of 1. The shares has received an average rating of 1.33 from 3 brokerage firms. 2 analysts have rated the company as a strong buy. 1 analysts have suggested buying the shares.

CUI Global, Inc. (NASDAQ:CUI): 3 analysts have set the short term price target of CUI Global, Inc. (NASDAQ:CUI) at $9.67. The standard deviation of short term price target has been estimated at $0.58, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 10 and $9 respectively.

CUI Global, Inc. has dropped 1.68% in the last five trading days, however, the shares have posted positive gains of 6.85% in the last 4 weeks. CUI Global, Inc. is up 31.95% in the last 3-month period. Year-to-Date the stock performance stands at -5.77%.”

CUI Global, Inc., is an electronics platform company. The Company focused on the acquisition, development and commercialization of electronic technologies/products to add to its product portfolio. The Company’s platform consists of a financial, marketing, sales, engineering and administrative group dedicated to directing and supporting three separate market silos. The silos include Power Supply Units (PSU), which consists of industrial power supplies (both internal and external) and its technologies, Novum Advanced Power and Solus Power Topology; Test and Measurement, which provids probes and other test devices, incorporates its Vergence Inferential Gas Metering Technology and the GasPT2 device, which it has branded under the name Vergence, and Electronic Components, which includes its more than 20,000 Stock Keeping Unit (SKU’s) and its motion control devices. In April 2013, it acquired 100% interest of Orbital Gas Systems Limited (Orbital-UK).