SuperCom (NASDAQ:SPCB) Upgraded to “Buy” at Wall Street Zen

SuperCom (NASDAQ:SPCB) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings upgraded SuperCom from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, SuperCom has an average rating of “Sell”.

SuperCom Stock Performance

Shares of SuperCom stock opened at $10.40 on Friday. The firm has a market cap of $55.85 million, a P/E ratio of 208.00 and a beta of 1.17. The company has a current ratio of 7.96, a quick ratio of 7.49 and a debt-to-equity ratio of 0.43. SuperCom has a 12 month low of $7.07 and a 12 month high of $13.57. The stock’s fifty day moving average price is $9.74 and its 200-day moving average price is $9.12.

SuperCom (NASDAQ:SPCB) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.47. The firm had revenue of $7.48 million for the quarter, compared to analyst estimates of $6.34 million. SuperCom had a return on equity of 21.03% and a net margin of 2.98%.

Institutional Investors Weigh In On SuperCom

A number of institutional investors have recently added to or reduced their stakes in SPCB. JPMorgan Chase & Co. bought a new stake in SuperCom during the second quarter valued at about $31,000. Apis Capital Advisors LLC boosted its position in SuperCom by 213.3% during 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 purchasing an additional 64,000 shares in the last quarter. Citadel Advisors LLC bought a new stake in SuperCom during the third quarter valued at about $254,000. LPL Financial LLC bought a new stake in SuperCom during the fourth quarter valued at about $92,000. Finally, Stifel Financial Corp boosted its position in SuperCom by 310.5% during the fourth quarter. Stifel Financial Corp now owns 117,000 shares of the industrial products company’s stock valued at $1,059,000 after purchasing an additional 88,500 shares in the last quarter. Institutional investors own 47.81% of the company’s stock.

About SuperCom

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.