Imperial Capital Begins Coverage on Supercom (SPCB)
Investment analysts at Imperial Capital assumed coverage on shares of Supercom (NASDAQ:SPCB) in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $14.00 price target on the stock. Imperial Capital’s price target suggests a potential upside of 28.91% from the company’s current price.
Supercom (NASDAQ:SPCB) opened at 10.86 on Friday. Supercom has a 1-year low of $3.65 and a 1-year high of $11.38. The stock has a 50-day moving average of $9.5 and a 200-day moving average of $8.04. The company has a market cap of $144.5 million and a P/E ratio of 17.41.
Supercom (NASDAQ:SPCB) last issued its quarterly earnings data on Monday, June 9th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.05. The company had revenue of $5.30 million for the quarter, compared to the consensus estimate of $2.00 million.
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