SuperCom (NASDAQ:SPCB) Rating Lowered to “Hold” at Wall Street Zen

SuperCom (NASDAQ:SPCB) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SuperCom in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

SuperCom Price Performance

NASDAQ:SPCB opened at $9.50 on Friday. The company has a current ratio of 8.29, a quick ratio of 7.75 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $27.84 million, a P/E ratio of 12.03 and a beta of 0.96. SuperCom has a 12 month low of $5.06 and a 12 month high of $13.69. The business’s 50-day moving average is $9.08 and its 200 day moving average is $9.83.

SuperCom (NASDAQ:SPCB) last released its quarterly earnings results on Thursday, November 13th. The industrial products company reported $0.39 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.41. The business had revenue of $6.22 million during the quarter, compared to analysts’ expectations of $5.76 million. SuperCom had a return on equity of 34.06% and a net margin of 15.53%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in shares of SuperCom in the second quarter valued at $31,000. Corsair Capital Management L.P. bought a new position in SuperCom during the 2nd quarter valued at about $311,000. Apis Capital Advisors LLC raised its position in SuperCom by 213.3% in the 3rd quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock worth $1,132,000 after purchasing an additional 64,000 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in SuperCom in the 3rd quarter worth about $254,000. 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.