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

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, reaching $0.42. 784,712 shares of the company’s stock were exchanged, compared to its average volume of 166,480. The business’s fifty day moving average price is $0.94 and its 200-day moving average price is $158.11. Hub Cyber Security has a twelve month low of $0.41 and a twelve month high of $39,237.00.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HUBC. Wall Street Zen cut Hub Cyber Security from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Hub Cyber Security in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hub Cyber Security currently has an average rating of “Sell”.

Hedge Funds Weigh In On Hub Cyber Security

Several hedge funds and other institutional investors have recently bought and sold shares of the company. HRT Financial LP acquired a new stake in Hub Cyber Security during the 4th quarter worth about $28,000. Cresset Asset Management LLC acquired a new position in shares of Hub Cyber Security in the 3rd quarter valued at about $133,000. Bank of America Corp DE bought a new stake in shares of Hub Cyber Security during the 2nd quarter valued at about $266,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Hub Cyber Security during the 1st quarter valued at 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.