SuperCom (NASDAQ:SPCB) Shares Cross Above 50 Day Moving Average – What’s Next?

SuperCom, Ltd. (NASDAQ:SPCB) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.77 and traded as high as $9.92. SuperCom shares last traded at $9.89, with a volume of 36,215 shares traded.

Analyst Ratings Changes

A number of research analysts have recently commented on SPCB shares. Wall Street Zen raised shares of SuperCom from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of SuperCom in a research report on Monday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.00.

SuperCom Trading Up 2.8%

The company has a market capitalization of $28.98 million, a PE ratio of 12.52 and a beta of 0.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 9.69 and a current ratio of 10.29. The business has a fifty day moving average price of $9.77 and a 200 day moving average price of $10.12.

SuperCom (NASDAQ:SPCB) last posted its earnings results on Thursday, November 13th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.41. SuperCom had a net margin of 15.53% and a return on equity of 37.99%. The firm had revenue of $6.22 million during the quarter, compared to the consensus estimate of $5.76 million.

Hedge Funds Weigh In On SuperCom

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new stake in SuperCom during the 2nd quarter worth $31,000. Citadel Advisors LLC purchased a new position in SuperCom in the third quarter valued at about $254,000. Corsair Capital Management L.P. acquired a new position in shares of SuperCom during the second quarter worth about $311,000. Apis Capital Advisors LLC boosted its position in shares of SuperCom by 213.3% in the third 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 period. Finally, Armistice Capital LLC acquired a new stake in shares of SuperCom in the first quarter valued at about $2,421,000. Hedge funds and other institutional investors own 47.81% of the company’s stock.

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.