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Cubic (NYSE:CUB) hit a new 52-week low during mid-day trading on Friday , ARN reports. The company traded as low as $44.49 and last traded at $44.85, with a volume of 146,424 shares. The stock had previously closed at $45.79.

A number of research firms have recently commented on CUB. Analysts at Needham & Company LLC cut their price target on shares of Cubic from $56.00 to $54.00 in a research note on Tuesday, May 13th. They now have a “buy” rating on the stock. Analysts at Benchmark Co. downgraded shares of Cubic from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $54.34.

The stock has a 50-day moving average of $47.50 and a 200-day moving average of $50.27. The company has a market cap of $1.205 billion and a P/E ratio of 215.99.

Cubic (NYSE:CUB) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.60 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.05. The company had revenue of $354.50 million for the quarter, compared to the consensus estimate of $316.08 million. On average, analysts predict that Cubic will post $2.63 earnings per share for the current fiscal year.

In other Cubic news, CEO William W. Boyle sold 1,360 shares of Cubic stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $48.15, for a total value of $65,484.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Cubic Corporation (NYSE:CUB) is an international provider of systems and solutions that address the mass transit and global defense markets.

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