SuperCom (NASDAQ:SPCB) Raised to “Buy” at Wall Street Zen

SuperCom (NASDAQ:SPCB) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

SuperCom Stock Performance

SuperCom stock opened at $8.69 on Friday. The company has a quick ratio of 4.66, a current ratio of 5.10 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $25.46 million, a P/E ratio of -39.50 and a beta of 0.81. The stock’s 50 day moving average is $6.71 and its 200 day moving average is $7.04. SuperCom has a twelve month low of $2.55 and a twelve month high of $18.95.

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

Hedge Funds Weigh In On SuperCom

A number of institutional investors and hedge funds have recently modified their holdings of SPCB. Renaissance Technologies LLC bought a new position in SuperCom in the 4th quarter worth $50,000. Virtu Financial LLC bought a new position in SuperCom in the 4th quarter worth $50,000. Finally, Armistice Capital LLC bought a new position in SuperCom in the 1st quarter worth $2,421,000. 47.81% of the stock is currently owned by hedge funds and other 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.