CUI Global Inc (NASDAQ:CUI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, Market Beat Ratings reports. The brokerage currently has a $8.50 price target on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 13.33% from the company’s previous close.

According to Zacks, “CUI Global Inc., formerly known as Waytronx Inc., is primarily engaged in the acquisition and development of innovative companies and technologies. CUI through its subsidiaries in engaged in the manufacture and supply of external adapters and embedded ac-dc power supplies, dc-dc converters, LED driver modules, and digital point-of-load modules. rotary encoders for motion control applications and other interconnect, sound, and thermal products. The Company also holds a 49% stake in Comex, a Japanese DSP-based hardware and software company that specializes in test and measurement equipment. It focuses on applications that demand high speed multiple channel measurement. CUI Global Inc. is based in Tualatin, Oregon. “

Several other research firms have also weighed in on CUI. Rodman & Renshaw began coverage on CUI Global in a report on Tuesday, December 29th. They issued a “buy” rating on the stock. TheStreet raised CUI Global from a “sell” rating to a “hold” rating in a report on Thursday, October 29th. Finally, HC Wainwright reissued a “buy” rating on shares of CUI Global in a report on Wednesday, December 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $8.75.

Shares of CUI Global (NASDAQ:CUI) opened at 7.50 on Wednesday. CUI Global has a 12 month low of $4.12 and a 12 month high of $7.76. The firm’s market capitalization is $156.04 million. The company’s 50 day moving average price is $6.98 and its 200-day moving average price is $6.11.

CUI Global, Inc. is a technology company. The Company operates through its three subsidiaries: CUI, Inc., CUI Japan and Orbital Gas Systems Limited (NASDAQ:CUI). 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.

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