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

Hub Cyber Security Ltd. (NASDAQ:HUBC) shares are going 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 closing bell on Sunday, September 13th.

Hub Cyber Security Price Performance

Shares of NASDAQ HUBC traded down $0.18 during mid-day trading on Thursday, hitting $0.42. 784,712 shares of the company were exchanged, compared to its average volume of 1,717,034. Hub Cyber Security has a 1-year low of $0.41 and a 1-year high of $39,237.00. The stock has a 50 day simple moving average of $0.94 and a 200-day simple moving average of $158.11.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Hub Cyber Security

A number of large investors have recently bought and sold shares of HUBC. Bank of America Corp DE purchased a new position in Hub Cyber Security during the second quarter worth $266,000. HRT Financial LP acquired a new stake in shares of Hub Cyber Security during the fourth quarter valued at $28,000. Cresset Asset Management LLC purchased a new stake in Hub Cyber Security during the 3rd quarter worth about $133,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Hub Cyber Security during the 1st quarter worth about $65,000. 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.