Zacks Investment Research upgraded shares of SuperCom (NASDAQ:SPCB) from a sell rating to a hold rating in a research note released on Saturday morning, reports.

According to Zacks, “SuperCom Ltd. is a provider of radio frequency identification solutions. It offers advanced safety, identification and security products and solutions primarily to Governments, private and public organizations. The Company produces systems for viewing, tracking, locating, credentialing, and managing assets and personnel. SuperCom Ltd., formerly known as Vuance Ltd., is headquartered in Qadima, Israel. “

Other research analysts also recently issued reports about the stock. HC Wainwright reiterated a buy rating and set a $3.00 price target on shares of SuperCom in a report on Tuesday, June 11th. ValuEngine downgraded shares of SuperCom from a buy rating to a hold rating in a report on Wednesday, May 1st.

Shares of NASDAQ:SPCB opened at $1.02 on Friday. The business’s fifty day moving average is $1.06. SuperCom has a 52-week low of $0.95 and a 52-week high of $2.10.

SuperCom (NASDAQ:SPCB) last announced its quarterly earnings results on Monday, June 10th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $5.67 million for the quarter. Research analysts predict that SuperCom will post 0.15 EPS for the current fiscal year.

A hedge fund recently raised its stake in SuperCom stock. Harel Insurance Investments & Financial Services Ltd. increased its holdings in SuperCom Ltd. (NASDAQ:SPCB) by 214.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,000 shares of the industrial products company’s stock after purchasing an additional 30,000 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned approximately 0.29% of SuperCom worth $48,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 18.46% of the company’s stock.

About SuperCom

SuperCom Ltd. provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide. The company offers MAGNA, a common platform for ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management.

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