Supercom (SPCB) Posts Quarterly Earnings
Supercom (NASDAQ:SPCB) issued its quarterly earnings data on Monday. The company reported $0.16 earnings per share (EPS) for the quarter, American Banking News reports. The company had revenue of $7.10 million for the quarter, compared to the consensus estimate of $1.90 million.
On a related note, analysts at Imperial Capital initiated coverage on shares of Supercom in a research note on Friday. They set an “outperform” rating and a $14.00 price target on the stock.
Shares of Supercom (NASDAQ:SPCB) traded down 0.44% on Monday, hitting $11.32. The stock had a trading volume of 263,108 shares. Supercom has a 1-year low of $3.65 and a 1-year high of $11.58. The stock’s 50-day moving average is $9.61 and its 200-day moving average is $8.08. The company has a market cap of $150.6 million and a price-to-earnings ratio of 18.43.
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