SuperCom (NASDAQ:SPCB) Share Price Passes Above 50 Day Moving Average – What’s Next?

SuperCom, Ltd. (NASDAQ:SPCB)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.67 and traded as high as $8.68. SuperCom shares last traded at $8.52, with a volume of 43,206 shares trading hands.

Analyst Ratings Changes

Several brokerages recently issued reports on SPCB. Weiss Ratings reissued a “sell (d)” rating on shares of SuperCom in a research note on Monday, December 29th. Wall Street Zen raised shares of SuperCom from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SuperCom has a consensus rating of “Sell”.

SuperCom Stock Up 3.9%

The company has a current ratio of 8.29, a quick ratio of 7.75 and a debt-to-equity ratio of 0.52. The stock’s 50-day simple moving average is $8.67 and its 200-day simple moving average is $9.61. The firm has a market capitalization of $24.96 million, a P/E ratio of 10.78 and a beta of 0.95.

Institutional Trading of SuperCom

A number of hedge funds have recently bought and sold shares of SPCB. JPMorgan Chase & Co. bought a new position in SuperCom in the 2nd quarter valued at $31,000. Apis Capital Advisors LLC grew its position in SuperCom by 5.3% during the fourth quarter. Apis Capital Advisors LLC now owns 99,000 shares of the industrial products company’s stock valued at $896,000 after buying an additional 5,000 shares during the period. Corsair Capital Management L.P. grew its position in SuperCom by 7.8% during the fourth quarter. Corsair Capital Management L.P. now owns 118,571 shares of the industrial products company’s stock valued at $1,073,000 after buying an additional 8,571 shares during the period. LPL Financial LLC purchased a new stake in SuperCom during the fourth quarter worth about $92,000. Finally, XTX Topco Ltd bought a new stake in SuperCom in the fourth quarter worth about $141,000. 47.81% of the stock is currently owned by 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.