SuperCom (NASDAQ:SPCB) Stock Bumped Up to “Buy” by Wall Street Zen

Wall Street Zen upgraded shares of SuperCom (NASDAQ:SPCB) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of SuperCom in a report on Thursday, August 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

SuperCom Trading Down 0.5%

SPCB stock opened at $9.41 on Friday. The company’s 50-day moving average price is $10.28 and its 200 day moving average price is $10.14. SuperCom has a 52 week low of $7.07 and a 52 week high of $12.87. The company has a market cap of $52.23 million, a P/E ratio of 5.57 and a beta of 1.13.

SuperCom (NASDAQ:SPCB) last issued its earnings results on Thursday, August 13th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.24. SuperCom had a net margin of 2.92% and a return on equity of 20.20%. The company had revenue of $8.09 million during the quarter, compared to analysts’ expectations of $7.15 million.

Institutional Trading of SuperCom

A hedge fund recently raised its position in SuperCom stock. Corsair Capital Management L.P. increased its stake in shares of SuperCom, Ltd. (NASDAQ:SPCB) by 14.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,971 shares of the industrial products company’s stock after purchasing an additional 17,400 shares during the quarter. Corsair Capital Management L.P. owned approximately 2.53% of SuperCom worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 47.81% of the company’s stock.

SuperCom Company Profile

SuperCom Ltd. (NASDAQ: SPCB) is an Israel-based technology company that develops secure solutions for the e-government, public safety and electronic-monitoring markets. Its products are designed to help government agencies, law-enforcement organizations and service providers manage individuals and cases through digital identification, tracking and monitoring technologies.

The company’s PureSecurity product suite supports electronic monitoring programs, including GPS-based location tracking, home detention, offender monitoring and domestic-violence prevention.