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.

Analyst Upgrades and Downgrades

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

SuperCom Stock Up 1.7%

The company has a current ratio of 8.29, a quick ratio of 7.75 and a debt-to-equity ratio of 0.52. The firm has a market cap of $25.75 million, a PE ratio of 11.13 and a beta of 0.96. The business’s 50-day simple moving average is $8.91 and its 200 day simple moving average is $9.76.

Institutional Investors Weigh In On SuperCom

Institutional investors have recently added to or reduced their stakes in the stock. Corsair Capital Management L.P. purchased a new stake in shares of SuperCom during the second quarter valued at about $311,000. Stifel Financial Corp raised its stake in shares of SuperCom by 310.5% during the 4th quarter. Stifel Financial Corp now owns 117,000 shares of the industrial products company’s stock worth $1,059,000 after acquiring an additional 88,500 shares in the last quarter. Citadel Advisors LLC purchased a new stake in SuperCom during the third quarter valued at approximately $254,000. XTX Topco Ltd acquired a new stake in SuperCom in the fourth quarter valued at approximately $141,000. Finally, LPL Financial LLC acquired a new stake in SuperCom in the fourth quarter valued at approximately $92,000. 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.