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

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

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

SuperCom Trading Up 1.6%

NASDAQ SPCB opened at $8.93 on Friday. The stock has a market cap of $26.16 million, a PE ratio of 11.30 and a beta of 0.96. SuperCom has a 12 month low of $5.06 and a 12 month high of $13.57. The company’s 50-day moving average price is $8.90 and its 200-day moving average price is $9.76. The company has a current ratio of 8.29, a quick ratio of 7.75 and a debt-to-equity ratio of 0.52.

Hedge Funds Weigh In On SuperCom

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new position in SuperCom in the fourth quarter worth approximately $141,000. Apis Capital Advisors LLC raised its position in shares of SuperCom by 5.3% in the 4th quarter. Apis Capital Advisors LLC now owns 99,000 shares of the industrial products company’s stock worth $896,000 after acquiring an additional 5,000 shares in the last quarter. Corsair Capital Management L.P. raised its position in shares of SuperCom by 7.8% in the 4th quarter. Corsair Capital Management L.P. now owns 118,571 shares of the industrial products company’s stock worth $1,073,000 after acquiring an additional 8,571 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of SuperCom by 310.5% during the 4th quarter. Stifel Financial Corp now owns 117,000 shares of the industrial products company’s stock worth $1,059,000 after purchasing an additional 88,500 shares during the last quarter. Finally, LPL Financial LLC bought a new stake in SuperCom during the fourth quarter valued at about $92,000. 47.81% of the stock is owned by hedge funds and other institutional investors.

About SuperCom

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.