SuperCom Ltd. (SPCB) Shares Up 6.7%
SuperCom Ltd. (NASDAQ:SPCB) shares shot up 6.7% on Thursday . The stock traded as high as $3.69 and last traded at $3.66, with a volume of 50,171 shares. The stock had previously closed at $3.43.
Several brokerages recently weighed in on SPCB. B. Riley reaffirmed a “buy” rating and issued a $6.00 target price on shares of SuperCom in a report on Wednesday, June 22nd. Zacks Investment Research raised shares of SuperCom from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. SuperCom currently has an average rating of “Hold” and an average target price of $7.13.
The company’s market capitalization is $56.43 million. The company’s 50-day moving average is $3.43 and its 200-day moving average is $3.99.
SuperCom (NASDAQ:SPCB) last posted its quarterly earnings data on Wednesday, July 6th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.06. The firm had revenue of $5.90 million for the quarter.
SuperCom Ltd. (SuperCom) is a global provider of traditional and digital identity solutions, providing safety, identification, tracking and security products to governments and private and public organizations. The Company offers solutions for traditional and biometrics enrollment, personalization, issuance and border control services.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.