SuperCom (NASDAQ:SPCB) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

SuperCom, Ltd. (NASDAQ:SPCB)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.97 and traded as low as $8.77. SuperCom shares last traded at $9.09, with a volume of 199,530 shares traded.

Analysts Set New Price Targets

SPCB has been the subject of a number of analyst reports. Wall Street Zen raised 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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SuperCom currently has a consensus rating of “Sell”.

SuperCom Price Performance

The company has a market capitalization of $26.63 million, a P/E ratio of 11.51 and a beta of 0.91. The stock’s fifty day simple moving average is $8.97 and its 200-day simple moving average is $9.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 8.29 and a quick ratio of 7.75.

SuperCom (NASDAQ:SPCB) last posted 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 analysts’ expectations of $5.76 million. SuperCom had a return on equity of 34.06% and a net margin of 15.53%.

Hedge Funds Weigh In On SuperCom

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new stake in SuperCom in the 2nd quarter valued at $31,000. Citadel Advisors LLC bought a new position in shares of SuperCom during the 3rd quarter worth about $254,000. Corsair Capital Management L.P. acquired a new position in shares of SuperCom during the second quarter valued at about $311,000. Finally, Apis Capital Advisors LLC lifted its stake in shares of SuperCom by 213.3% in the third quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock valued at $1,132,000 after buying an additional 64,000 shares during the period. 47.81% of the stock is currently owned by institutional investors and hedge funds.

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.