Apis Capital Advisors LLC Purchases 64,000 Shares of SuperCom, Ltd. $SPCB

Apis Capital Advisors LLC grew its position in SuperCom, Ltd. (NASDAQ:SPCB) by 213.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,000 shares of the industrial products company’s stock after purchasing an additional 64,000 shares during the quarter. Apis Capital Advisors LLC owned about 3.21% of SuperCom worth $1,132,000 as of its most recent SEC filing.

Separately, JPMorgan Chase & Co. acquired a new stake in SuperCom during the 2nd quarter worth approximately $31,000. 47.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

SuperCom Stock Performance

Shares of SPCB opened at $7.97 on Friday. 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, Ltd. has a 52-week low of $5.06 and a 52-week high of $13.57. The firm has a market cap of $23.35 million, a price-to-earnings ratio of 10.09 and a beta of 0.95. The business’s fifty day moving average is $8.60 and its 200-day moving average is $9.59.

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.