SuperCom (NASDAQ:SPCB) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of SuperCom (NASDAQ:SPCB) from a buy rating to a hold rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SuperCom in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

SuperCom Trading Down 1.3%

Shares of NASDAQ:SPCB opened at $9.38 on Friday. The stock has a market capitalization of $27.48 million, a PE ratio of 11.87 and a beta of 0.96. SuperCom has a 1 year low of $5.06 and a 1 year high of $13.69. The firm has a fifty day moving average price of $9.10 and a 200 day moving average price of $9.83. 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 posted its earnings results on Thursday, November 13th. The industrial products company reported $0.39 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.41. SuperCom had a return on equity of 34.06% and a net margin of 15.53%.The company had revenue of $6.22 million for the quarter, compared to analyst estimates of $5.76 million.

Hedge Funds Weigh In On SuperCom

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in SuperCom during the 2nd quarter valued at approximately $31,000. Citadel Advisors LLC acquired a new position in shares of SuperCom during the third quarter worth approximately $254,000. Corsair Capital Management L.P. bought a new stake in shares of SuperCom in the second quarter valued at approximately $311,000. Finally, Apis Capital Advisors LLC grew its stake 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 acquiring an additional 64,000 shares during the last quarter. Institutional investors and hedge funds own 47.81% of the company’s stock.

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.