Wall Street Zen Downgrades SuperCom (NASDAQ:SPCB) to Hold

SuperCom (NASDAQ:SPCB) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SuperCom in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

SuperCom Trading Down 5.4%

NASDAQ:SPCB opened at $9.50 on Friday. The firm has a market capitalization of $27.84 million, a P/E ratio of 12.03 and a beta of 0.91. The company has a quick ratio of 7.75, a current ratio of 8.29 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average of $9.08 and a 200 day moving average of $9.83. SuperCom has a 52 week low of $5.06 and a 52 week high of $13.69.

SuperCom (NASDAQ:SPCB) last released its quarterly earnings data on Thursday, November 13th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.41. The firm had revenue of $6.22 million for the quarter, compared to analysts’ expectations of $5.76 million. SuperCom had a net margin of 15.53% and a return on equity of 34.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of SuperCom during the second quarter valued at approximately $31,000. Citadel Advisors LLC purchased a new position in SuperCom during the third quarter valued at $254,000. Corsair Capital Management L.P. bought a new stake in shares of SuperCom during the 2nd quarter valued at $311,000. Finally, Apis Capital Advisors LLC boosted its holdings in shares of SuperCom by 213.3% during the 3rd quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock valued at $1,132,000 after buying an additional 64,000 shares in the last quarter. Hedge funds and other institutional investors own 47.81% of the company’s stock.

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.