SuperCom (NASDAQ:SPCB) Share Price Crosses Below 200-Day Moving Average – What’s Next?

SuperCom, Ltd. (NASDAQ:SPCB)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-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.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SPCB shares. Wall Street Zen upgraded shares of SuperCom from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. Weiss Ratings lowered shares of SuperCom from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.

SuperCom Stock Down 2.4%

The business’s 50 day moving average is $9.81 and its 200 day moving average is $10.27. The company has a market cap of $50.51 million, a P/E ratio of 5.51 and a beta of 1.13. The company has a quick ratio of 5.18, a current ratio of 5.75 and a debt-to-equity ratio of 0.40.

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

Institutional Trading of SuperCom

An institutional investor recently raised its position in SuperCom stock. Corsair Capital Management L.P. increased its position in SuperCom, Ltd. (NASDAQ:SPCB) by 14.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,971 shares of the industrial products company’s stock after acquiring an additional 17,400 shares during the period. Corsair Capital Management L.P. owned approximately 2.53% of SuperCom worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 47.81% of the stock is 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.