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

SuperCom (NASDAQ:SPCB) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SuperCom in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

SuperCom Price Performance

Shares of SPCB opened at $8.25 on Friday. The stock has a market cap of $24.17 million, a P/E ratio of 10.44 and a beta of 0.91. SuperCom has a 1 year low of $5.06 and a 1 year high of $13.57. The stock’s 50-day moving average price is $8.48 and its two-hundred day moving average price is $9.41. The company has a current ratio of 8.29, a quick ratio of 7.75 and a debt-to-equity ratio of 0.52.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp increased its holdings in shares of SuperCom by 310.5% in the fourth quarter. Stifel Financial Corp now owns 117,000 shares of the industrial products company’s stock worth $1,059,000 after acquiring an additional 88,500 shares in the last quarter. Apis Capital Advisors LLC raised its position in shares of SuperCom by 213.3% during the third quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock worth $1,132,000 after purchasing an additional 64,000 shares during the period. Citadel Advisors LLC bought a new position in shares of SuperCom during the 3rd quarter valued at about $254,000. XTX Topco Ltd bought a new position in shares of SuperCom during the 4th quarter valued at about $141,000. Finally, LPL Financial LLC acquired a new position in shares of SuperCom in the 4th quarter valued at approximately $92,000. 47.81% of the stock is currently 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.