Hub Cyber Security Stock Scheduled to Reverse Split on Monday, September 14th (NASDAQ:HUBC)

Hub Cyber Security Ltd. (NASDAQ:HUBC)’s stock is set to reverse split on Monday, September 14th. The 1-25 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, September 13th.

Hub Cyber Security Price Performance

Shares of NASDAQ:HUBC traded down $0.18 during midday trading on Thursday, reaching $0.42. The company’s stock had a trading volume of 784,712 shares, compared to its average volume of 1,717,034. The business has a 50 day moving average price of $0.94 and a 200 day moving average price of $158.11. Hub Cyber Security has a 1 year low of $0.41 and a 1 year high of $39,237.00.

Hub Cyber Security (NASDAQ:HUBC) last released its earnings results on Friday, July 17th. The company reported ($52.60) EPS for the quarter. The company had revenue of $8.28 million during the quarter.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HUBC. Weiss Ratings reiterated a “sell (e+)” rating on shares of Hub Cyber Security in a report on Tuesday, July 21st. Wall Street Zen downgraded Hub Cyber Security from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Hub Cyber Security presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Hub Cyber Security

Several large investors have recently made changes to their positions in the business. Cresset Asset Management LLC purchased a new position in shares of Hub Cyber Security in the 3rd quarter valued at $133,000. Bank of America Corp DE purchased a new stake in Hub Cyber Security during the 2nd quarter worth $266,000. Goldman Sachs Group Inc. acquired a new stake in Hub Cyber Security in the 1st quarter valued at $65,000. Finally, HRT Financial LP purchased a new position in Hub Cyber Security in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

About Hub Cyber Security

HUB Cyber Security Ltd. provides cyber security solutions in Israel and internationally. The company offers HUB Secure File Vault, a super charged managed file transfer backed by dedicated hardware driven security, which creates a secure enclave to protect the organization's data driven workflows; HUB Guard, a recurring security assessment, continuous network, and infrastructure monitoring and analysis, and planned incident response; D.Storm, a powerful SaaS DDoS simulation platform; RAM Commander, a software tool for reliability prediction and analysis, reliability block diagram, Markov chains analysis, maintainability prediction, spares optimization, FMEA/FMECA, testability, fault tree analysis, event tree analysis, and safety assessment; and Safety Commander designs to evaluate the safety of highly integrated systems in a model-based design environment.