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

Wall Street Zen lowered shares of SuperCom (NASDAQ:SPCB) from a buy rating to a hold rating in a research note published on Saturday morning.

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

SuperCom Price Performance

NASDAQ SPCB opened at $8.57 on Friday. The company has a quick ratio of 7.75, a current ratio of 8.29 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $25.11 million, a PE ratio of 10.85 and a beta of 0.96. SuperCom has a 12-month low of $5.06 and a 12-month high of $13.57. The company has a 50 day moving average price of $8.90 and a two-hundred day moving average price of $9.74.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SPCB. JPMorgan Chase & Co. acquired a new position in SuperCom during the 2nd quarter worth $31,000. Corsair Capital Management L.P. acquired a new position in shares of SuperCom during the 2nd quarter worth about $311,000. Apis Capital Advisors LLC boosted its stake in SuperCom by 213.3% during the 3rd quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock valued at $1,132,000 after purchasing an additional 64,000 shares during the period. Citadel Advisors LLC acquired a new stake in SuperCom in the 3rd quarter valued at approximately $254,000. Finally, LPL Financial LLC acquired a new stake in SuperCom in the 4th quarter valued at approximately $92,000. 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.