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 on Saturday.

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

SuperCom Price Performance

SuperCom stock opened at $11.41 on Friday. The business has a 50 day simple moving average of $11.05 and a 200 day simple moving average of $9.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 7.96 and a quick ratio of 7.49. The company has a market capitalization of $63.33 million, a PE ratio of 6.75 and a beta of 1.17. SuperCom has a one year low of $7.07 and a one year high of $13.57.

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

Institutional Investors Weigh In On SuperCom

A number of large investors have recently bought and sold shares of SPCB. JPMorgan Chase & Co. bought a new position in SuperCom in the 2nd quarter valued at $31,000. Citadel Advisors LLC acquired a new position in SuperCom in the third quarter worth $254,000. LPL Financial LLC acquired a new position in SuperCom in the fourth quarter worth $92,000. Stifel Financial Corp grew its holdings 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 worth $1,059,000 after purchasing an additional 88,500 shares during the last quarter. Finally, Corsair Capital Management L.P. increased its stake in shares of SuperCom by 7.8% in the fourth quarter. Corsair Capital Management L.P. now owns 118,571 shares of the industrial products company’s stock valued at $1,073,000 after buying an additional 8,571 shares in the last quarter. 47.81% of the stock is currently owned by institutional investors.

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.