SuperCom (NASDAQ:SPCB) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of SuperCom (NASDAQ:SPCB) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings raised SuperCom from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

SuperCom Trading Up 0.5%

Shares of NASDAQ:SPCB opened at $11.41 on Friday. The stock has a market capitalization of $63.30 million, a price-to-earnings ratio of 6.72 and a beta of 1.17. SuperCom has a 1-year low of $7.07 and a 1-year high of $13.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 7.49 and a current ratio of 7.96. The company has a 50 day moving average price of $11.05 and a 200 day moving average price of $9.86.

SuperCom (NASDAQ:SPCB) last posted its quarterly earnings results on Thursday, August 13th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.24. The firm had revenue of $8.09 million for the quarter, compared to analyst estimates of $7.15 million. SuperCom had a net margin of 2.92% and a return on equity of 21.28%.

Institutional Trading of SuperCom

A number of hedge funds have recently bought and sold shares of the company. Apis Capital Advisors LLC increased its position in shares of SuperCom by 5.3% in the fourth quarter. Apis Capital Advisors LLC now owns 99,000 shares of the industrial products company’s stock worth $896,000 after acquiring an additional 5,000 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of SuperCom during the second quarter valued at approximately $31,000. Citadel Advisors LLC purchased a new stake in shares of SuperCom in the 3rd quarter valued at approximately $254,000. Corsair Capital Management L.P. lifted its position in shares of 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 valued at $1,073,000 after acquiring an additional 8,571 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of SuperCom by 310.5% in the 4th 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 in the last quarter. 47.81% of the stock is owned by hedge funds and other institutional investors.

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.