Shares of Cubic Corporation (NYSE:CUB) traded today at $69.95, eclipsing its 52-week high. This new high was reached on above average trading volume as 2.8 million shares traded hands, while the average 30-day volume is approximately 219,000 shares.
Cubic Corp is an international provider of systems and solutions for the mass transit and global defense markets. It uses three segments for financial reporting: Cubic transportation systems, Cubic mission solutions, and Cubic global defense systems. The company integrates payment and information solutions for travel applications. It allows people to choose a cost- and time-effective way to travel and helps transportation authorities manage demand across entire networks. The global defense segments provide training and operational support for multiple branches of the U.S. military. Approximately half of the total revenue is derived from the United States, with the United Kingdom and Australia also producing material sales.
In the past 52 weeks, shares of Cubic Corporation have traded between a low of $30.86 and a high of $69.95 and is now at $69.25, which is 124% above that low price.
Cubic Corporation (NYSE:CUB) defies analysts with a current price ($69.25) 8.6% above its average consensus price target of $63.29.
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