SuperCom (NASDAQ:SPCB) Upgraded at Wall Street Zen

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

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

SuperCom Price Performance

SuperCom stock opened at $9.19 on Friday. The company’s 50 day simple moving average is $8.35 and its 200-day simple moving average is $9.18. The company has a market capitalization of $26.93 million, a price-to-earnings ratio of 11.63 and a beta of 0.91. SuperCom has a 1 year low of $5.43 and a 1 year high of $13.57. The company has a debt-to-equity ratio of 0.52, a quick ratio of 7.75 and a current ratio of 8.29.

Institutional Investors Weigh In On SuperCom

Several large investors have recently added to or reduced their stakes in SPCB. JPMorgan Chase & Co. purchased a new stake in SuperCom during the 2nd quarter worth approximately $31,000. Apis Capital Advisors LLC increased its stake in SuperCom by 213.3% during the 3rd quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock worth $1,132,000 after buying an additional 64,000 shares during the period. Citadel Advisors LLC purchased a new stake in SuperCom during the 3rd quarter worth approximately $254,000. LPL Financial LLC purchased a new stake in SuperCom during the 4th quarter worth approximately $92,000. Finally, Stifel Financial Corp increased its stake in 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 buying an additional 88,500 shares during the period. 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.