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

Wall Street Zen lowered shares of SuperCom (NASDAQ:SPCB) from a buy rating to a hold rating in a research report released on Saturday morning.

Separately, Weiss Ratings raised shares of SuperCom from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

SuperCom Stock Performance

Shares of SPCB stock opened at $10.81 on Friday. The firm has a 50-day moving average of $11.06 and a 200-day moving average of $9.87. The company has a market cap of $60.00 million, a P/E ratio of 6.75 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 7.96 and a quick ratio of 7.49. SuperCom has a one year low of $7.07 and a one year high of $13.57.

SuperCom (NASDAQ:SPCB) last released its quarterly earnings results on Thursday, August 13th. The industrial products company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.24. SuperCom had a net margin of 2.92% and a return on equity of 21.28%. The company had revenue of $8.09 million for the quarter, compared to analyst estimates of $7.15 million.

Institutional Trading of SuperCom

Hedge funds have recently added to or reduced their stakes in the stock. Corsair Capital Management L.P. grew its position in shares of SuperCom by 7.8% during the 4th quarter. Corsair Capital Management L.P. now owns 118,571 shares of the industrial products company’s stock valued at $1,073,000 after acquiring an additional 8,571 shares during the period. Stifel Financial Corp raised its holdings in shares of SuperCom by 310.5% in the 4th quarter. Stifel Financial Corp now owns 117,000 shares of the industrial products company’s stock worth $1,059,000 after purchasing an additional 88,500 shares during the period. XTX Topco Ltd bought a new stake in shares of SuperCom in the 4th quarter worth approximately $141,000. LPL Financial LLC purchased a new position in SuperCom in the fourth quarter valued at approximately $92,000. Finally, Citadel Advisors LLC purchased a new position in SuperCom in the third quarter valued at approximately $254,000. Institutional investors 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.