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CUI Global (CUI) Falls: Stock Goes Down 6.4%
May 13, 2014

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CUI Global, Inc. (CUI - Free Report) saw a big move on Friday, as the company’s shares fell over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CUI, as the stock is now down over 22% in the past one-month time frame.

The company which develops and distributes electro-mechanical products has seen a mixed track record, as current year estimates witnessed no revision over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

CUI currently has a Zacks Rank #5 (Strong Sell).

Some better-ranked stocks in the same sector include Applied Micro Circuits Corporation , Exar Corp. and PLX Technology Inc. . All these stocks hold a Zacks Rank #1 (Strong Buy).

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