SuperCom (NASDAQ:SPCB) Downgraded to Hold Rating by Wall Street Zen

SuperCom (NASDAQ:SPCB) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SuperCom in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

SuperCom Price Performance

SPCB stock opened at $9.50 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 7.75 and a current ratio of 8.29. The firm has a 50 day moving average price of $9.08 and a 200-day moving average price of $9.83. SuperCom has a 52-week low of $5.06 and a 52-week high of $13.69. The firm has a market capitalization of $27.84 million, a price-to-earnings ratio of 12.03 and a beta of 0.91.

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, beating analysts’ consensus estimates of ($0.02) by $0.41. The company had revenue of $6.22 million during the quarter, compared to analyst estimates of $5.76 million. SuperCom had a return on equity of 34.06% and a net margin of 15.53%.

Institutional Investors Weigh In On SuperCom

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

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.