SuperCom (NASDAQ:SPCB) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of SuperCom (NASDAQ:SPCB) from a hold rating to a buy rating in a report published on Sunday.

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, the stock has an average rating of “Sell”.

SuperCom Price Performance

Shares of SPCB opened at $8.31 on Friday. The firm has a market capitalization of $24.35 million, a price-to-earnings ratio of 10.52 and a beta of 0.96. The firm’s fifty day simple moving average is $9.05 and its 200-day simple moving average is $9.80. SuperCom has a twelve month low of $5.06 and a twelve month high of $13.69. The company has a current ratio of 8.29, a quick ratio of 7.75 and a debt-to-equity ratio of 0.52.

SuperCom (NASDAQ:SPCB) last issued its earnings results on Thursday, November 13th. The industrial products company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.41. The firm had revenue of $6.22 million during the quarter, compared to the consensus estimate of $5.76 million. SuperCom had a net margin of 15.53% and a return on equity of 34.06%.

Institutional Trading of SuperCom

Several institutional investors and hedge funds have recently made changes to their positions in SPCB. Apis Capital Advisors LLC grew 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 worth $1,132,000 after buying an additional 64,000 shares during the last quarter. Corsair Capital Management L.P. purchased a new stake in SuperCom in the second quarter valued at approximately $311,000. Citadel Advisors LLC acquired a new stake in shares of SuperCom in the third quarter valued at approximately $254,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of SuperCom during the second quarter worth approximately $31,000. 47.81% of the stock is owned by hedge funds and other institutional investors.

About SuperCom

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.