CUI Global recently announced that the company has been included in the Wilshire 5000 Total Market Index. The inclusion was effective after the market's close on March 16 and was concurrent with the monthly additions and deletions of the index. CUI also up-listed to the NASDAQ earlier this year.
CUI is focused on acquiring and developing new technologies and companies in industries such as energy, telcon, and electronic components. The company has delved into producing components for technologies such as power, interconnect, motion control, and sound.
The Wilshire 5000 was developed in 1974, and is considered by many to be the optimal tracking metric for both the U.S. equities market, and as a way to estimate market value changes. It is published daily across all major media, including print, television, and via the Internet.
CUI Global's president and CEO, William Clough, commented, "CUI Global's addition to the highly respected Wilshire 5000 Index is yet another example of the significance of our listing on the Nasdaq Capital Market. The Wilshire Index specifically excludes 'penny stocks' and 'over-the-counter securities,' while focusing on nationally listed securities like CUI Global. By being the focus of an index like the Wilshire 5000, CUI Global will be seen by far more sophisticated and institutional investors, specifically broadening our market and thereby enhancing shareholder value and our potential return-on-investment."
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