Supercom (NASDAQ:SPCB) has been given a $6.00 target price by stock analysts at HC Wainwright in a report released on Wednesday. The firm presently has a “buy” rating on the industrial products company’s stock. HC Wainwright’s target price indicates a potential upside of 53.06% from the stock’s current price.

The analysts wrote, “Sharp acquisition two years ago compounding marketing and technological synergies. While we’re less likely to comment on an ancillary deal announcement, especially one we imagine is not likely to move the revenue needle, given our recent coverage initiation (see our December 4 report, Expanding Recurring Revenue Base Should Amplify Street Credibility and Swell Valuation Parameters; Initiate at Buy) and the relative significance to our overall investment thesis, we thought it useful to chime in on SuperCom’s annoucement yesterday regarding its home detention win in Utah.””

Shares of Supercom (NASDAQ SPCB) traded up $0.01 during mid-day trading on Wednesday, reaching $3.92. The company’s stock had a trading volume of 89,500 shares, compared to its average volume of 94,800. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.27 and a current ratio of 1.64. Supercom has a 12 month low of $2.01 and a 12 month high of $4.58.

An institutional investor recently raised its position in Supercom stock. Boston Partners raised its position in Supercom Ltd (NASDAQ:SPCB) by 7.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,193,886 shares of the industrial products company’s stock after purchasing an additional 84,998 shares during the period. Boston Partners owned 7.99% of Supercom worth $4,178,000 at the end of the most recent quarter. 20.98% of the stock is currently owned by institutional investors and hedge funds.

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Supercom Company Profile

SuperCom Ltd is a provider of traditional and digital identity solutions, providing safety, identification, tracking and security products to governments, and private and public organizations throughout the world. Through its e-government platforms and solutions for traditional and biometrics enrollment, personalization, issuance and border control services, the Company enables governments and national agencies to design and issue multi-identification documents and digital identity solutions to their citizens and visitors.

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