Cubic Corporation (NYSE:CUB) stock identified change of 16.04% away from 52-week low price and recently located move of -24.07% off 52-week high price. It has market worth of $1829.44M and dividend yield of 0.46%. CUB stock has been recorded 2.65% away from 50 day moving average and -6.50% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.29% off 20-day moving average.
Cubic Corporation (NYSE:CUB) announced its Cubic Transportation Systems (CTS) business division has installed advanced ticketing technology for Sydney, Australia’s first Metro train system, which opened for public use on May 26. Driverless trains will arrive every four minutes, carrying up to 18,000 passengers an hour initially, rising to 40,000 an hour further down the line.
The Cubic equipment includes 101 new Opal contactless ticketing gates allowing mobile phones and credit cards to pay for travel, as well as a unique Remote Station Device Management (RSDM) system for controlling the gates. Operators in the Metro’s Operations Control Center will use “eyes on” technology to open and close individual gates to speed up commuter flow during peak periods.
“It is important to ensure customers get on board as quickly and conveniently as possible,” said Tom Walker, senior vice president and managing director of Asia-Pacific, Cubic Transportation Systems. “As train passenger numbers increase in major cities, one of the dilemmas is how to get more commuters through stations more quickly, without just adding more gates.”
To solve this problem, Cubic utilizes remote monitoring to get more use out of existing hardware. “The Sydney Metro will be one of the most modern automated passenger train networks in the world and we are honored to have been involved in this landmark project,” said Walker.
The Technology sector company, Cubic Corporation noticed change of 0.69% to $58.73 along volume of 156828 shares in recent session compared to an average volume of 259.92K. The stock observed return of -5.09% in 5 days trading activity. The stock was at 5.74% over one month performance. CUB’s shares are at -6.38% for the quarter and driving a -16.10% return over the course of the past year and is now at 9.29% since this point in 2018.
The average volatility for the week at 2.33% and for month was at 2.70%. There are 31.15M shares outstanding and 31.02M shares are floated in market. Right now the stock beta is 1.13.