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

SuperCom (NASDAQ:SPCB) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

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

SuperCom Price Performance

Shares of NASDAQ SPCB opened at $8.98 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 8.29 and a quick ratio of 7.75. The business has a 50-day moving average of $8.41 and a 200-day moving average of $9.08. The stock has a market capitalization of $26.31 million, a price-to-earnings ratio of 11.37 and a beta of 0.91. SuperCom has a fifty-two week low of $5.43 and a fifty-two week high of $13.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in shares of SuperCom in the 2nd quarter valued at about $31,000. Apis Capital Advisors LLC grew its holdings 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 worth $896,000 after purchasing an additional 5,000 shares during the period. Corsair Capital Management L.P. grew its holdings 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 worth $1,073,000 after purchasing an additional 8,571 shares during the period. LPL Financial LLC acquired a new position in SuperCom during the fourth quarter worth approximately $92,000. Finally, XTX Topco Ltd acquired a new position in SuperCom during the fourth quarter worth approximately $141,000. Institutional investors own 47.81% of the company’s stock.

SuperCom Company Profile

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.