SuperCom (NASDAQ:SPCB) Stock Passes Above 50-Day Moving Average – Time to Sell?

SuperCom, Ltd. (NASDAQ:SPCB)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.39 and traded as high as $11.06. SuperCom shares last traded at $10.87, with a volume of 55,617 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on SPCB shares. Wall Street Zen raised SuperCom from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings raised SuperCom from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

SuperCom Price Performance

The company has a debt-to-equity ratio of 0.43, a current ratio of 7.96 and a quick ratio of 7.49. The firm has a market capitalization of $58.37 million, a price-to-earnings ratio of 217.40 and a beta of 1.17. The business’s fifty day simple moving average is $10.39 and its 200 day simple moving average is $9.28.

SuperCom (NASDAQ:SPCB) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.36 earnings per share 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 net margin of 2.98% and a return on equity of 21.03%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Apis Capital Advisors LLC raised its position in shares of SuperCom by 213.3% during the third quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock worth $1,132,000 after purchasing an additional 64,000 shares during the period. Corsair Capital Management L.P. raised its holdings in SuperCom by 7.8% during the fourth quarter. Corsair Capital Management L.P. now owns 118,571 shares of the industrial products company’s stock worth $1,073,000 after buying an additional 8,571 shares during the last quarter. Stifel Financial Corp raised its holdings in SuperCom by 310.5% during the fourth quarter. Stifel Financial Corp now owns 117,000 shares of the industrial products company’s stock worth $1,059,000 after buying an additional 88,500 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of SuperCom in the third quarter valued at $254,000. Finally, XTX Topco Ltd bought a new position in shares of SuperCom in the fourth quarter valued at $141,000. 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.