SuperCom (NASDAQ:SPCB) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

SuperCom, Ltd. (NASDAQ:SPCB) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.35 and traded as low as $7.71. SuperCom shares last traded at $7.91, with a volume of 169,777 shares changing hands.

Analyst Ratings Changes

SPCB has been the subject of a number of recent analyst reports. Wall Street Zen raised SuperCom from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “sell (d)” rating on shares of SuperCom in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SuperCom currently has a consensus rating of “Hold” and a consensus price target of $18.00.

SuperCom Stock Down 6.7%

The firm has a 50-day moving average price of $9.35 and a two-hundred day moving average price of $10.00. The company has a market capitalization of $23.18 million, a P/E ratio of 10.01 and a beta of 0.91. The company has a quick ratio of 9.69, a current ratio of 10.29 and a debt-to-equity ratio of 0.63.

SuperCom (NASDAQ:SPCB) last released its earnings results on Thursday, November 13th. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.41. The firm had revenue of $6.22 million during the quarter, compared to analysts’ expectations of $5.76 million. SuperCom had a net margin of 15.53% and a return on equity of 37.99%.

Hedge Funds Weigh In On SuperCom

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in shares of SuperCom in the 2nd quarter worth approximately $31,000. Citadel Advisors LLC acquired a new position in shares of SuperCom in the third quarter valued at $254,000. Corsair Capital Management L.P. acquired a new position in shares of SuperCom in the second quarter valued at $311,000. Finally, Apis Capital Advisors LLC lifted its position in SuperCom by 213.3% in the third quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock worth $1,132,000 after purchasing an additional 64,000 shares during the period. 47.81% of the stock is currently owned by institutional investors.

SuperCom Company Profile

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.