The stock is trading at $53.50 which is a tad above $50.93, the stock’s 50 day moving average and a great deal higher than the 200 day moving average of $47.56. The 50 day moving average went up $2.57 or +5.05% whereas the 200 day moving average was up $5.94 or +12.50%. Trading was light with 599 shares changing hands in the last trading session. Shares saw a steep decrease in trading volume of 99.66% under the normal average daily volume.
Short traders are more bullish on Cubic Corporation lately at least if you consider the downtick in short interest. The firm recorded a fall in short interest between September 15, 2017 and September 29, 2017 of -2.11%. Short interest decreased 33,266 over that timeframe. Days to cover decreased from 11.0 to 7.0 and the short interest percentage is 0.06% as of September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (CUB). Louisiana State Employees Retirement System cut its position by shedding 100 shares a decrease of 1.0% as of 09/30/2017. Louisiana State Employees Retirement System controls 10,100 shares with a value of $515,000. The value of the position overall is up by 9.1%. Nationwide Fund Advisors downsized its holdings by selling 640 shares a decrease of 3.6%. Nationwide Fund Advisors currently owns 17,103 shares worth $872,000. The total value of its holdings increased 6.1%.
As of quarter end Nj State Employees Deferred Compensation Plan had acquired 1,000 shares growing its stake by 6.7%. The value in dollars went from $695,000 to $816,000 a change of 17.4% quarter over quarter. State Of New Jersey Common Pension Fund D divested its investment by selling 31,000 shares a decrease of 2.6% from 06/30/2017 to 09/30/2017. State Of New Jersey Common Pension Fund D now controls 1,160,000 shares valued at $59,160,000. The total value of its holdings increased 7.3%.
August 4 investment analysts at Canaccord Genuity held the stock rating at “Buy” but raised the price target from $48.00 to $50.00. On August 10 the company was changed to “Overweight” by JP Morgan which is up from the previous “Neutral” rating.
On September 25 Canaccord Genuity made no change to the stock rating of “Buy” but raised the price expectation to $55.00 from $50.00.
The company is down from yesterday’s close of 54.2. Additionally Cubic Corporation declared a dividend for shareholders that was paid on Friday September 15th, 2017. The dividend was $0.068 per share for the quarter which is $0.27 annualized. The dividend yield was $0.49. The ex-dividend date was set for Wednesday the 30th of August 2017.
As of the latest earnings report the EPS was $-1.18 and is estimated to be $-0.62 for the current year with 27,126,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.19 and the next full year EPS is anticipated to be $1.65.
Cubic Corporation (Cubic), launched on December 13, 1984, designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services). The Business’s CTS segment is a systems integrator of payment and information technology and services for travel solutions. The Business’s CGD Systems is focused on two primary lines of business: training systems and secure communications (SC) products. The Business’s CGD Services segment is a provider of training, operations, intelligence, maintenance, technical and other support services to the United States government and its agencies and allied nations..