SuperCom (NASDAQ:SPCB) Shares Cross Below 200 Day Moving Average – What’s Next?

SuperCom, Ltd. (NASDAQ:SPCB)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.90 and traded as low as $8.20. SuperCom shares last traded at $8.94, with a volume of 172,723 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SPCB shares. Wall Street Zen upgraded SuperCom from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “sell (d)” rating on shares of SuperCom in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, SuperCom presently has an average rating of “Hold” and an average price target of $18.00.

SuperCom Price Performance

The company has a fifty day simple moving average of $9.09 and a 200-day simple moving average of $9.90. The company has a market cap of $26.19 million, a P/E ratio of 11.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 10.29 and a quick ratio of 9.69.

SuperCom (NASDAQ:SPCB) last released its quarterly earnings data on Thursday, November 13th. The industrial products company reported $0.39 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.41. The business had revenue of $6.22 million during the quarter, compared to analyst estimates of $5.76 million. SuperCom had a return on equity of 37.99% and a net margin of 15.53%.

Hedge Funds Weigh In On SuperCom

A number of institutional investors have recently bought and sold shares of SPCB. JPMorgan Chase & Co. purchased a new stake in SuperCom during the second quarter valued at about $31,000. Citadel Advisors LLC purchased a new position in shares of SuperCom in the third quarter worth approximately $254,000. Corsair Capital Management L.P. acquired a new stake in shares of SuperCom during the second quarter valued at approximately $311,000. Finally, Apis Capital Advisors LLC lifted its position in shares of SuperCom by 213.3% in the 3rd quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock valued at $1,132,000 after acquiring an additional 64,000 shares in the last quarter. Hedge funds and other 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.