SuperCom (NASDAQ:SPCB) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

SuperCom, Ltd. (NASDAQ:SPCB) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.76 and traded as low as $8.51. SuperCom shares last traded at $8.79, with a volume of 18,497 shares changing hands.

Analysts Set New Price Targets

SPCB has been the topic of several recent analyst reports. Wall Street Zen raised SuperCom from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Weiss Ratings reissued a “sell (d)” rating on shares of SuperCom in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SuperCom has a consensus rating of “Sell”.

SuperCom Price Performance

The firm has a market capitalization of $25.75 million, a PE ratio of 11.13 and a beta of 0.96. The firm’s fifty day moving average price is $8.91 and its 200 day moving average price is $9.76. The company has a current ratio of 8.29, a quick ratio of 7.75 and a debt-to-equity ratio of 0.52.

Institutional Trading of SuperCom

Several hedge funds and other institutional investors have recently bought and sold shares of SPCB. Corsair Capital Management L.P. raised its holdings in SuperCom by 7.8% in the 4th quarter. Corsair Capital Management L.P. now owns 118,571 shares of the industrial products company’s stock worth $1,073,000 after purchasing an additional 8,571 shares during the period. Stifel Financial Corp increased its position in shares of SuperCom by 310.5% in the fourth quarter. Stifel Financial Corp now owns 117,000 shares of the industrial products company’s stock valued at $1,059,000 after buying an additional 88,500 shares in the last quarter. Apis Capital Advisors LLC raised its stake in shares of SuperCom by 5.3% during the 4th quarter. Apis Capital Advisors LLC now owns 99,000 shares of the industrial products company’s stock worth $896,000 after buying an additional 5,000 shares during the period. Citadel Advisors LLC purchased a new position in shares of SuperCom during the 3rd quarter valued at approximately $254,000. Finally, XTX Topco Ltd purchased a new position in shares of SuperCom during the 4th quarter valued at approximately $141,000. 47.81% of the stock is owned by institutional investors and hedge funds.

About SuperCom

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.