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

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

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SuperCom in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, SuperCom has an average rating of “Sell”.

SuperCom Stock Performance

Shares of SPCB stock opened at $8.31 on Friday. SuperCom has a one year low of $5.06 and a one year high of $13.69. The company’s 50-day moving average is $9.05 and its 200 day moving average is $9.80. The company has a market capitalization of $24.35 million, a price-to-earnings ratio of 10.52 and a beta of 0.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 7.75 and a current ratio of 8.29.

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

Institutional Investors Weigh In On SuperCom

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Apis Capital Advisors LLC grew its position in SuperCom by 213.3% in the 3rd 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. Corsair Capital Management L.P. purchased a new position in shares of SuperCom in the 2nd quarter worth $311,000. Citadel Advisors LLC bought a new stake in shares of SuperCom in the third quarter worth $254,000. Finally, JPMorgan Chase & Co. purchased a new stake in SuperCom during the second quarter valued at $31,000. 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.