SuperCom (NASDAQ:SPCB) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of SuperCom, Ltd. (NASDAQ:SPCB) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $10.27 and traded as low as $9.10. SuperCom shares last traded at $9.10, with a volume of 27,912 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SPCB. Wall Street Zen raised shares of SuperCom from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Weiss Ratings cut SuperCom from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, SuperCom presently has a consensus rating of “Sell”.

SuperCom Stock Up 2.3%

The company has a market capitalization of $51.67 million, a price-to-earnings ratio of 5.38 and a beta of 1.13. The company has a current ratio of 5.75, a quick ratio of 5.18 and a debt-to-equity ratio of 0.40. The firm’s 50 day simple moving average is $9.78 and its 200-day simple moving average is $10.26.

SuperCom (NASDAQ:SPCB) last issued its earnings results on Thursday, August 13th. The industrial products company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.24. The business had revenue of $8.09 million for the quarter, compared to the consensus estimate of $7.15 million. SuperCom had a net margin of 2.92% and a return on equity of 20.20%.

Hedge Funds Weigh In On SuperCom

A hedge fund recently raised its stake in SuperCom stock. Corsair Capital Management L.P. grew its holdings in SuperCom, Ltd. (NASDAQ:SPCB) by 14.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,971 shares of the industrial products company’s stock after buying an additional 17,400 shares during the quarter. Corsair Capital Management L.P. owned about 2.53% of SuperCom worth $1,065,000 at the end of the most recent quarter. 47.81% of the stock is currently owned by institutional investors.

SuperCom Company Profile

SuperCom Ltd. (NASDAQ: SPCB) is an Israeli technology company that develops secure solutions for the government, public safety and electronic monitoring markets. Its products are designed to support agencies responsible for offender supervision, domestic violence prevention, corrections, public safety and related social-service programs.

The company’s offerings include electronic monitoring systems, location and tracking technologies, biometric identification tools, case-management software and mobile applications.