SuperCom (NASDAQ:SPCB) Downgraded by Wall Street Zen to “Hold”

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

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SuperCom in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

SuperCom Stock Performance

SuperCom stock opened at $8.25 on Friday. SuperCom has a 1 year low of $5.06 and a 1 year high of $13.57. The firm’s 50-day moving average is $8.48 and its 200-day moving average is $9.43. The company has a debt-to-equity ratio of 0.52, a quick ratio of 7.75 and a current ratio of 8.29. The company has a market cap of $24.17 million, a P/E ratio of 10.44 and a beta of 0.91.

Hedge Funds Weigh In On SuperCom

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in SuperCom in the 2nd quarter valued at about $31,000. 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 last quarter. Citadel Advisors LLC bought a new position in SuperCom in the 3rd quarter worth about $254,000. LPL Financial LLC acquired a new stake in shares of SuperCom in the fourth quarter valued at approximately $92,000. Finally, Stifel Financial Corp increased its stake in shares of SuperCom by 310.5% in the fourth quarter. Stifel Financial Corp now owns 117,000 shares of the industrial products company’s stock valued at $1,059,000 after purchasing an additional 88,500 shares during the period. Institutional investors own 47.81% of the company’s stock.

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.