SuperCom (NASDAQ:SPCB) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of SuperCom (NASDAQ:SPCB) from a buy rating to a hold rating in a report published on Saturday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SuperCom in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

SuperCom Price Performance

SPCB stock opened at $8.93 on Friday. SuperCom has a one year low of $5.06 and a one year high of $13.57. The firm has a 50-day moving average of $8.90 and a two-hundred day moving average of $9.76. The firm has a market capitalization of $26.16 million, a PE ratio of 11.30 and a beta of 0.96. 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 Investors Weigh In On SuperCom

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new stake in shares of SuperCom during the 2nd quarter valued at $31,000. Apis Capital Advisors LLC boosted its position in SuperCom by 5.3% during the fourth quarter. Apis Capital Advisors LLC now owns 99,000 shares of the industrial products company’s stock valued at $896,000 after purchasing an additional 5,000 shares during the last quarter. Corsair Capital Management L.P. grew its stake in 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 purchasing an additional 8,571 shares in the last quarter. LPL Financial LLC purchased a new position in SuperCom in the fourth quarter valued at about $92,000. Finally, XTX Topco Ltd acquired a new position in SuperCom in the 4th quarter worth about $141,000. Hedge funds and other 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.