SuperCom (NASDAQ:SPCB) Given Sell (D) Rating at Weiss Ratings

SuperCom (NASDAQ:SPCB)‘s stock had its “sell (d)” rating reiterated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded SuperCom from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.00.

SuperCom Price Performance

NASDAQ SPCB opened at $10.69 on Wednesday. The stock’s 50-day moving average price is $10.41 and its two-hundred day moving average price is $9.10. The company has a current ratio of 10.29, a quick ratio of 9.69 and a debt-to-equity ratio of 0.63. The company has a market cap of $31.32 million, a PE ratio of 24.86 and a beta of 1.16. SuperCom has a 1 year low of $2.96 and a 1 year high of $18.95.

SuperCom (NASDAQ:SPCB) last posted its quarterly earnings data on Thursday, August 14th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.05. The firm had revenue of $7.14 million for the quarter, compared to the consensus estimate of $6.46 million. SuperCom had a return on equity of 37.28% and a net margin of 11.00%.

Institutional Investors Weigh In On SuperCom

Several large investors have recently made changes to their positions in SPCB. JPMorgan Chase & Co. bought a new stake in shares of SuperCom in the 2nd quarter valued at approximately $31,000. Corsair Capital Management L.P. bought a new stake in shares of SuperCom in the 2nd quarter valued at approximately $311,000. Finally, Armistice Capital LLC bought a new stake in shares of SuperCom in the 1st quarter valued at approximately $2,421,000. Institutional investors own 47.81% of the company’s stock.

SuperCom Company Profile

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.