Cubic Corporation (CUB) Plunges 8.52% on February 07

Cubic Corporation (CUB) Plunges 8.52% on February 07

Cubic Corporation (CUB) had a rough trading day for Thursday February 07 as shares tumbled 8.52%, or a loss of $-5.53 per share, to close at $59.37. After opening the day at $63.33, shares of Cubic Corporation traded as high as $64.19 and as low as $54.37. Volume was 1.08 million shares over 11,052 trades, against an average daily volume of 243,474 shares and a total float of 31.13 million.

As a result of the decline, Cubic Corporation now has a market cap of $1.85 billion.

The stock has a P/E Ratio of 142.2.

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: transportation systems, global defense services, and 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 total revenue is derived from the United States, with the United Kingdom and Australia also producing material sales.

Cubic Corporation is based out of San Diego, CA and has some 5,600 employees. Its CEO is Bradley H. Feldmann.

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