SuperCom (NASDAQ:SPCB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SuperCom (NASDAQ:SPCB) from a hold rating to a buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SuperCom in a research report on Thursday, August 27th. One equities research 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 Stock Down 2.8%

SPCB stock opened at $9.15 on Friday. The stock has a market capitalization of $50.78 million, a price-to-earnings ratio of 5.57 and a beta of 1.13. The company has a 50-day moving average of $10.24 and a two-hundred day moving average of $10.17. SuperCom has a 52-week low of $7.07 and a 52-week high of $12.87. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.75 and a quick ratio of 5.18.

SuperCom (NASDAQ:SPCB) last posted its quarterly earnings data on Thursday, August 13th. The industrial products company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.24. SuperCom had a return on equity of 20.20% and a net margin of 2.92%.The business had revenue of $8.09 million for the quarter, compared to analyst estimates of $7.15 million.

Institutional Inflows and Outflows

A hedge fund recently raised its position in SuperCom stock. Corsair Capital Management L.P. increased its position in shares of SuperCom, Ltd. (NASDAQ:SPCB) by 14.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,971 shares of the industrial products company’s stock after buying an additional 17,400 shares during the quarter. Corsair Capital Management L.P. owned 2.53% of SuperCom worth $1,065,000 at the end of the most recent quarter. 47.81% of the stock is currently owned by hedge funds and other institutional investors.

SuperCom Company Profile

SuperCom Ltd. (NASDAQ: SPCB) is an Israel-based technology company that develops secure solutions for the e-government, public safety and electronic-monitoring markets. Its products are designed to help government agencies, law-enforcement organizations and service providers manage individuals and cases through digital identification, tracking and monitoring technologies.

The company’s PureSecurity product suite supports electronic monitoring programs, including GPS-based location tracking, home detention, offender monitoring and domestic-violence prevention.