Hub Cyber Security (NASDAQ:HUBC) Trading Up 8.1% – Should You Buy?

Hub Cyber Security Ltd. (NASDAQ:HUBC) shot up 8.1% during trading on Friday . The stock traded as high as $1.04 and last traded at $1.00. 281,398 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 396,562 shares. The stock had previously closed at $0.9250.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Hub Cyber Security in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Hub Cyber Security from a “sell” rating to a “hold” rating in a research note on Sunday, September 28th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Hub Cyber Security Stock Performance

The business has a fifty day moving average of $1.64 and a two-hundred day moving average of $2.24.

Hedge Funds Weigh In On Hub Cyber Security

Several large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new stake in shares of Hub Cyber Security during the 1st quarter worth about $65,000. Cresset Asset Management LLC bought a new position in Hub Cyber Security in the 3rd quarter valued at about $133,000. Finally, Bank of America Corp DE acquired a new stake in Hub Cyber Security during the second quarter worth approximately $266,000. 4.70% of the stock is owned by institutional investors.

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.