CUI Global, Inc. (CUI) Formed Bearish Double Bottom; Sellers Are Thriving

March 19, 2018 - By Maria Brooks

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 Eagle Inv Ltd Llc holds 0.02% or 2.35M shares. Oppenheimer And Inc holds 0% or 11,264 shares. Moreover, Brown Advisory has 0% invested in CUI Global, Inc. (NASDAQ:CUI) for 12,475 shares. Croft holds 0.1% or 118,330 shares. Renaissance Tech Ltd Liability stated it has 66,700 shares or 0% of all its holdings. Marathon Management stated it has 2.51% of its portfolio in CUI Global, Inc. (NASDAQ:CUI). First Wilshire Secs Inc owns 586,625 shares. Blackrock holds 0% or 80,699 shares. Barclays Public Lc has 0% invested in CUI Global, Inc. (NASDAQ:CUI). Schwab Charles Inv Mgmt stated it has 0% in CUI Global, Inc. (NASDAQ:CUI). California Pub Employees Retirement Sys invested in 0% or 65,700 shares. Dimensional Fund Limited Partnership owns 26,080 shares or 0% of their US portfolio. 57,000 are held by Raymond James & Associates. Heartland Advsr accumulated 2.12M shares. 41,586 are held by Northern Tru.

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 9 months chart pattern indicates high risk for the $81.19 million company. It was reported on Mar, 19 by If the $2.65 price target is reached, the company will be worth $5.68M less. Double bottoms are rare but powerful chart patterns.

The stock increased 2.52% or $0.07 during the last trading session, reaching $2.85. About 46,844 shares traded. CUI Global, Inc. (NASDAQ:CUI) has declined 32.86% since March 19, 2017 and is downtrending. It has underperformed by 49.56% the S&P500.

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 had 5 analyst reports since December 23, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, August 10 by H.C. Wainwright. Dougherty & Company maintained the stock with “Buy” rating in Friday, November 11 report. The firm has “Buy” rating given on Wednesday, December 23 by Rodman & Renshaw. The firm earned “Buy” rating on Wednesday, May 11 by Dougherty & Company.

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