StockNews.com Upgrades SuperCom (NASDAQ:SPCB) to “Hold”

SuperCom (NASDAQ:SPCB) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Separately, Maxim Group boosted their price objective on shares of SuperCom from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st.

SuperCom Trading Up 3.0%

SPCB opened at $7.11 on Thursday. The stock has a market capitalization of $20.83 million, a P/E ratio of -32.32 and a beta of 0.81. SuperCom has a 12 month low of $2.55 and a 12 month high of $18.95. The firm’s fifty day simple moving average is $6.58 and its 200 day simple moving average is $6.86. The company has a current ratio of 5.10, a quick ratio of 4.66 and a debt-to-equity ratio of 2.11.

SuperCom (NASDAQ:SPCB) last posted its quarterly earnings data on Wednesday, May 14th. The industrial products company reported $1.50 EPS for the quarter, beating the consensus estimate of ($0.09) by $1.59. The business had revenue of $7.05 million for the quarter. SuperCom had a net margin of 3.49% and a return on equity of 79.94%.

Institutional Investors Weigh In On SuperCom

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Armistice Capital LLC bought a new stake in SuperCom during the 1st quarter worth about $2,421,000. Renaissance Technologies LLC bought a new stake in SuperCom during the 4th quarter worth about $50,000. Finally, Virtu Financial LLC bought a new stake in SuperCom during the 4th quarter worth about $50,000. 47.81% of the stock is owned by institutional investors.

About SuperCom

SuperCom Ltd. provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide. The company operates in three segments: e-Gov, IoT and Connectivity, and Cyber Security. It offers MAGNA, a platform for national ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management.