Wall Street Zen Upgrades SuperCom (NASDAQ:SPCB) to Buy

SuperCom (NASDAQ:SPCB) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SuperCom in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SuperCom presently has an average rating of “Sell”.

SuperCom Stock Up 0.6%

Shares of SPCB opened at $8.47 on Friday. The company has a quick ratio of 7.75, a current ratio of 8.29 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average of $8.84 and a 200 day moving average of $9.67. The company has a market cap of $24.82 million, a PE ratio of 10.72 and a beta of 0.96. SuperCom has a 52-week low of $5.06 and a 52-week high of $13.57.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new stake in SuperCom in the 4th quarter valued at about $141,000. Apis Capital Advisors LLC grew its stake in SuperCom by 5.3% in the fourth quarter. Apis Capital Advisors LLC now owns 99,000 shares of the industrial products company’s stock worth $896,000 after purchasing an additional 5,000 shares in the last quarter. Corsair Capital Management L.P. increased its holdings in SuperCom by 7.8% during the 4th quarter. Corsair Capital Management L.P. now owns 118,571 shares of the industrial products company’s stock worth $1,073,000 after purchasing an additional 8,571 shares during the period. Stifel Financial Corp increased its holdings in SuperCom by 310.5% during the 4th quarter. Stifel Financial Corp now owns 117,000 shares of the industrial products company’s stock worth $1,059,000 after purchasing an additional 88,500 shares during the period. Finally, LPL Financial LLC bought a new stake in SuperCom during the 4th quarter valued at $92,000. 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.