Hub Cyber Security (NASDAQ:HUBC) Trading Down 5.6% – Should You Sell?

Hub Cyber Security Ltd. (NASDAQ:HUBC)’s stock price dropped 5.6% during trading on Tuesday . The company traded as low as $0.38 and last traded at $0.4250. Approximately 2,107,342 shares changed hands during trading, a decline of 3% from the average daily volume of 2,167,653 shares. The stock had previously closed at $0.4501.

Wall Street Analysts Forecast Growth

HUBC has been the subject of a number of analyst reports. Wall Street Zen raised Hub Cyber Security from a “sell” rating to a “hold” rating in a report on Sunday, September 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Hub Cyber Security in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Hub Cyber Security presently has a consensus rating of “Sell”.

Hub Cyber Security Stock Performance

The firm’s 50-day moving average is $1.22 and its two-hundred day moving average is $2.04.

Hedge Funds Weigh In On Hub Cyber Security

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new stake in shares of Hub Cyber Security during the first quarter worth approximately $65,000. Bank of America Corp DE purchased a new position in Hub Cyber Security in the 2nd quarter valued at $266,000. Finally, Cresset Asset Management LLC acquired a new stake in Hub Cyber Security during the 3rd quarter worth $133,000. Hedge funds and other 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.