SuperCom (NASDAQ:SPCB) Stock Rating Lowered by Wall Street Zen

SuperCom (NASDAQ:SPCB) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Friday.

SuperCom Stock Performance

Shares of SPCB stock opened at $9.29 on Friday. The stock has a market cap of $27.22 million, a P/E ratio of 21.60 and a beta of 1.15. The company has a debt-to-equity ratio of 0.70, a current ratio of 9.69 and a quick ratio of 9.06. The company has a fifty day moving average price of $9.99 and a two-hundred day moving average price of $8.67. SuperCom has a one year low of $2.55 and a one year high of $18.95.

SuperCom (NASDAQ:SPCB) last posted its earnings results on Thursday, August 14th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. The company had revenue of $7.14 million during the quarter, compared to analysts’ expectations of $6.46 million. SuperCom had a net margin of 11.00% and a return on equity of 45.38%.

Institutional Trading of SuperCom

A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in shares of SuperCom during the 2nd quarter worth about $31,000. Renaissance Technologies LLC acquired a new stake in SuperCom in the 4th quarter worth about $50,000. Corsair Capital Management L.P. acquired a new stake in SuperCom in the 2nd quarter worth about $311,000. Finally, Armistice Capital LLC acquired a new stake in SuperCom in the 1st quarter worth about $2,421,000. Institutional investors and hedge funds own 47.81% of the company’s stock.

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.