Hub Cyber Security (NASDAQ:HUBC) Shares Set to Reverse Split on Friday, November 13th

Hub Cyber Security Ltd. (NASDAQ:HUBC)’s stock is scheduled to reverse split on Friday, November 13th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, November 12th.

Hub Cyber Security Trading Up 5.8%

Shares of NASDAQ:HUBC traded up $0.00 on Wednesday, hitting $0.08. 31,353,094 shares of the company were exchanged, compared to its average volume of 3,553,197. Hub Cyber Security has a 1-year low of $0.06 and a 1-year high of $551,250.00. The stock’s 50 day moving average price is $3.34 and its 200 day moving average price is $8,872.43.

Analyst Upgrades and Downgrades

HUBC has been the topic of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Hub Cyber Security in a research report on Monday, October 19th. Wall Street Zen cut Hub Cyber Security from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has a consensus rating of “Sell”.

About Hub Cyber Security

Hub Cyber Security Ltd. (NASDAQ: HUBC) is an Israel-based cybersecurity company focused on protecting sensitive data and computing environments. The company develops confidential-computing and data-security solutions designed to help organizations safeguard information while it is being processed, stored and transferred. Its offerings have included secure data storage, hardware-based protection, encrypted computing environments and cybersecurity services for enterprises and government organizations.