SuperCom (NASDAQ:SPCB) Downgraded to Hold Rating by Wall Street Zen
by Teresa Graham · The Cerbat GemWall Street Zen cut shares of SuperCom (NASDAQ:SPCB – Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SuperCom in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
SuperCom Stock Performance
Shares of NASDAQ SPCB opened at $8.25 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 8.29 and a quick ratio of 7.75. The stock has a market cap of $24.17 million, a P/E ratio of 10.44 and a beta of 0.91. The firm has a 50-day moving average of $8.48 and a 200 day moving average of $9.42. SuperCom has a 1 year low of $5.06 and a 1 year high of $13.57.
Institutional Investors Weigh In On SuperCom
A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in shares of SuperCom in the 2nd quarter worth $31,000. LPL Financial LLC purchased a new stake in shares of SuperCom during the 4th quarter valued at about $92,000. XTX Topco Ltd bought a new position in shares of SuperCom in the 4th quarter valued at about $141,000. Citadel Advisors LLC bought a new position in shares of SuperCom in the 3rd quarter valued at about $254,000. Finally, Apis Capital Advisors LLC grew its position in SuperCom by 213.3% in the third quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock worth $1,132,000 after acquiring an additional 64,000 shares in the last quarter. Hedge funds and other 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.