SuperCom (NASDAQ:SPCB) Stock Rating Upgraded by Wall Street Zen

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

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SuperCom in a report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

SuperCom Stock Performance

SPCB opened at $9.41 on Friday. The stock’s 50 day simple moving average is $10.28 and its 200-day simple moving average is $10.16. 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 stock has a market cap of $52.23 million, a PE ratio of 5.57 and a beta of 1.13. SuperCom has a 1 year low of $7.07 and a 1 year high of $12.87.

SuperCom (NASDAQ:SPCB) last posted its quarterly earnings results on Thursday, August 13th. The industrial products company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.24. The firm 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%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SuperCom stock. Corsair Capital Management L.P. raised its stake in shares of SuperCom, Ltd. (NASDAQ:SPCB) by 14.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,971 shares of the industrial products company’s stock after acquiring an additional 17,400 shares during the quarter. Corsair Capital Management L.P. owned approximately 2.53% of SuperCom worth $1,065,000 as of its most recent filing with the SEC. Institutional investors own 47.81% of the company’s stock.

About SuperCom

SuperCom Ltd. (NASDAQ: SPCB) is an Israel-based technology company that develops secure solutions for the e-government, public safety and electronic-monitoring markets. Its products are designed to help government agencies, law-enforcement organizations and service providers manage individuals and cases through digital identification, tracking and monitoring technologies.

The company’s PureSecurity product suite supports electronic monitoring programs, including GPS-based location tracking, home detention, offender monitoring and domestic-violence prevention.