SuperCom (NASDAQ:SPCB) Rating Lowered to “Hold” at Wall Street Zen

SuperCom (NASDAQ:SPCB) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SuperCom in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, SuperCom currently has an average rating of “Sell”.

SuperCom Price Performance

Shares of NASDAQ SPCB opened at $8.93 on Friday. The firm has a market capitalization of $26.16 million, a P/E ratio of 11.30 and a beta of 0.96. SuperCom has a one year low of $5.06 and a one year high of $13.57. The company’s fifty day moving average is $8.90 and its two-hundred day moving average is $9.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 7.75 and a current ratio of 8.29.

Institutional Investors Weigh In On SuperCom

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp boosted its stake in shares of SuperCom by 310.5% during the fourth quarter. Stifel Financial Corp now owns 117,000 shares of the industrial products company’s stock valued at $1,059,000 after acquiring an additional 88,500 shares during the last quarter. Apis Capital Advisors LLC lifted its stake in shares of SuperCom by 213.3% during the third quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock valued at $1,132,000 after buying an additional 64,000 shares during the period. Corsair Capital Management L.P. acquired a new stake in SuperCom during the second quarter worth approximately $311,000. Citadel Advisors LLC purchased a new stake in SuperCom in the 3rd quarter worth approximately $254,000. Finally, XTX Topco Ltd acquired a new position in SuperCom in the 4th quarter valued at $141,000. Hedge funds and other institutional investors own 47.81% of the company’s stock.

SuperCom Company Profile

SuperCom Ltd. (NASDAQ: SPCB) is a technology firm specializing in electronic monitoring, digital identity and secure IoT solutions. The company develops and delivers hardware and software platforms designed to monitor individuals in correctional and pre-trial settings, as well as to provide secure digital identity credentials for governments and commercial clients. SuperCom’s core offerings include GPS and radio frequency (RF) tracking devices, biometric readers, secure communications modules and cloud-based monitoring portals.

In addition to correctional monitoring, SuperCom has expanded into the digital identity and eHealth sectors.