Hub Cyber Security Stock to Reverse Split on Monday, April 20th (NASDAQ:HUBC)

Hub Cyber Security Ltd. (NASDAQ:HUBC) shares are scheduled to reverse split on the morning of Monday, April 20th. The 1-50 reverse split was announced on Thursday, April 16th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 17th.

Hub Cyber Security Stock Down 29.5%

NASDAQ:HUBC traded down $0.08 during mid-day trading on Thursday, reaching $0.18. The stock had a trading volume of 101,038,022 shares, compared to its average volume of 23,616,732. Hub Cyber Security has a 1-year low of $0.06 and a 1-year high of $66.45. The stock’s 50 day simple moving average is $0.95 and its two-hundred day simple moving average is $9.33.

Analyst Ratings Changes

HUBC has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Hub Cyber Security in a report on Thursday, January 22nd. Wall Street Zen cut shares of Hub Cyber Security from a “hold” rating to a “strong sell” rating in a report on Saturday, January 17th. One 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”.

Hedge Funds Weigh In On Hub Cyber Security

Large investors have recently bought and sold shares of the business. Cresset Asset Management LLC bought a new position in Hub Cyber Security in the third quarter worth about $133,000. Bank of America Corp DE bought a new position in Hub Cyber Security in the second quarter worth about $266,000. Goldman Sachs Group Inc. bought a new position in Hub Cyber Security in the first quarter worth about $65,000. Finally, HRT Financial LP bought a new stake in shares of Hub Cyber Security during the fourth quarter valued at approximately $28,000. Institutional investors 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.