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 report released on Sunday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SuperCom in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

SuperCom Stock Up 1.7%

Shares of NASDAQ SPCB opened at $8.59 on Friday. The stock has a market capitalization of $25.17 million, a P/E ratio of 10.87 and a beta of 0.96. SuperCom has a one year low of $5.06 and a one year high of $13.69. The firm’s 50 day simple moving average is $9.03 and its two-hundred day simple moving average is $9.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 8.29 and a quick ratio of 7.75.

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

Institutional Trading of SuperCom

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new position in SuperCom during the 2nd quarter valued at approximately $31,000. Citadel Advisors LLC purchased a new position in shares of SuperCom during the third quarter valued at approximately $254,000. Corsair Capital Management L.P. bought a new position in shares of SuperCom during the second quarter valued at approximately $311,000. Finally, Apis Capital Advisors LLC lifted its stake in SuperCom by 213.3% in the third quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock worth $1,132,000 after acquiring an additional 64,000 shares during the period. 47.81% of the stock is owned by institutional investors.

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.