SuperCom (NASDAQ:SPCB) Upgraded by Wall Street Zen to “Buy” Rating

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

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SuperCom in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

SuperCom Trading Up 4.8%

SPCB opened at $9.19 on Friday. SuperCom has a twelve month low of $5.43 and a twelve month high of $13.57. The company has a 50-day simple moving average of $8.35 and a 200 day simple moving average of $9.16. The company has a quick ratio of 7.75, a current ratio of 8.29 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $26.93 million, a price-to-earnings ratio of 11.63 and a beta of 0.91.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SPCB. JPMorgan Chase & Co. acquired a new position in SuperCom during the second quarter worth about $31,000. LPL Financial LLC acquired a new position in SuperCom during the fourth quarter worth about $92,000. XTX Topco Ltd acquired a new position in SuperCom during the fourth quarter worth about $141,000. Citadel Advisors LLC acquired a new position in SuperCom during the third quarter worth about $254,000. Finally, Apis Capital Advisors LLC raised its stake in SuperCom by 5.3% during the fourth quarter. Apis Capital Advisors LLC now owns 99,000 shares of the industrial products company’s stock worth $896,000 after acquiring an additional 5,000 shares in 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.