SuperCom (NASDAQ:SPCB) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of SuperCom (NASDAQ:SPCB) from a sell rating to a hold rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “SuperCom Ltd. is a provider of radio frequency identification solutions. It offers advanced safety, identification and security products and solutions primarily to Governments, private and public organizations. The Company produces systems for viewing, tracking, locating, credentialing, and managing assets and personnel. SuperCom Ltd., formerly known as Vuance Ltd., is headquartered in Qadima, Israel. “

SPCB has been the topic of several other reports. ValuEngine lowered shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. HC Wainwright set a $4.00 target price on shares of Uranium Energy and gave the stock a buy rating in a research report on Tuesday, June 11th.

Shares of SPCB opened at $1.06 on Tuesday. The firm has a market cap of $15.86 million, a PE ratio of 12.22 and a beta of 0.82. The firm has a fifty day moving average price of $1.13. SuperCom has a 1 year low of $0.98 and a 1 year high of $2.45.

SuperCom (NASDAQ:SPCB) last announced its quarterly earnings data on Monday, June 10th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $5.67 million during the quarter. As a group, sell-side analysts forecast that SuperCom will post 0.15 EPS for the current fiscal year.

An institutional investor recently bought a new position in SuperCom stock. Lehman & Derafelo Financial Resources LLC bought a new position in shares of SuperCom Ltd. (NASDAQ:SPCB) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 63,170 shares of the industrial products company’s stock, valued at approximately $87,000. Lehman & Derafelo Financial Resources LLC owned approximately 0.42% of SuperCom as of its most recent filing with the SEC. Institutional investors own 18.26% of the company’s stock.

SuperCom Company Profile

SuperCom Ltd. provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide. The company offers MAGNA, a common platform for ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management.

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