SuperCom (SPCB) Projected to Post Quarterly Earnings on Thursday

SuperCom (NASDAQ:SPCB) is expected to be releasing its resultson Thursday, March 26th. Analysts expect SuperCom to post earnings of ($0.11) per share and revenue of $6.3380 million for the quarter.

SuperCom Trading Up 0.5%

Shares of SPCB traded up $0.05 during midday trading on Wednesday, hitting $8.49. The stock had a trading volume of 2,446 shares, compared to its average volume of 78,809. SuperCom has a fifty-two week low of $5.06 and a fifty-two week high of $13.57. The business has a 50-day simple moving average of $8.57 and a two-hundred day simple moving average of $9.54. The firm has a market cap of $24.86 million, a P/E ratio of 10.74 and a beta of 0.95. The company has a current ratio of 8.29, a quick ratio of 7.75 and a debt-to-equity ratio of 0.52.

Hedge Funds Weigh In On SuperCom

A number of large investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new stake in shares of SuperCom in the fourth quarter worth approximately $141,000. Corsair Capital Management L.P. boosted its holdings in shares of SuperCom by 7.8% during the fourth quarter. Corsair Capital Management L.P. now owns 118,571 shares of the industrial products company’s stock worth $1,073,000 after purchasing an additional 8,571 shares during the period. Stifel Financial Corp grew its position in SuperCom by 310.5% during the fourth quarter. Stifel Financial Corp now owns 117,000 shares of the industrial products company’s stock valued at $1,059,000 after purchasing an additional 88,500 shares in the last quarter. Citadel Advisors LLC acquired a new position in SuperCom in the 3rd quarter valued at approximately $254,000. Finally, LPL Financial LLC acquired a new position in SuperCom in the 4th quarter valued at approximately $92,000. Institutional investors and hedge funds own 47.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on SPCB shares. Wall Street Zen upgraded shares of SuperCom from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Weiss Ratings reissued a “sell (d)” rating on shares of SuperCom in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SuperCom presently has a consensus rating of “Sell”.

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.