SuperCom Ltd. (SPCB) Trading 6.7% Higher
SuperCom Ltd. (NASDAQ:SPCB)’s share price traded up 6.7% during trading on Thursday . The stock traded as high as $3.69 and last traded at $3.66, with a volume of 50,171 shares trading hands. The stock had previously closed at $3.43.
Several equities analysts have recently commented on the company. B. Riley reaffirmed a “buy” rating and set a $6.00 target price on shares of SuperCom in a report on Wednesday, June 22nd. Zacks Investment Research raised SuperCom from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.13.
The firm’s market capitalization is $55.68 million. The stock has a 50-day moving average of $3.44 and a 200 day moving average of $4.00.
SuperCom (NASDAQ:SPCB) last released its quarterly earnings results on Wednesday, July 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.06. The business 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.
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