SuperCom (NASDAQ:SPCB) Share Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• SuperCom shares fell below their 200-day moving average, trading as low as $9.54 versus the $9.74 average, with the stock down 5.2%.
• Analyst sentiment remains largely negative: Weiss Ratings downgraded the stock’s sell rating, while Wall Street Zen upgraded it to buy; overall, MarketBeat reports a consensus “Sell” rating.
• Despite the technical weakness, SuperCom beat quarterly expectations, reporting $0.52 in earnings per share versus $0.28 expected and revenue of $8.09 million versus $7.15 million anticipated.

SuperCom, Ltd. (NASDAQ:SPCB - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $9.74 and traded as low as $9.54. SuperCom shares last traded at $9.54, with a volume of 56,543 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently commented on SPCB shares. Weiss Ratings lowered SuperCom from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, October 2nd. Wall Street Zen raised shares of SuperCom from a "hold" rating to a "buy" rating in a research report on Saturday, October 3rd. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of "Sell".

SuperCom Trading Down 5.2%

The company has a market capitalization of $52.95 million, a P/E ratio of 5.94 and a beta of 1.13. The stock's 50 day moving average is $9.66 and its 200-day moving average is $9.74. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.75 and a quick ratio of 5.18.

SuperCom (NASDAQ:SPCB - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The industrial products company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.24. SuperCom had a return on equity of 20.20% and a net margin of 2.92%. The business had revenue of $8.09 million for the quarter, compared to analysts' expectations of $7.15 million.

Institutional Trading of SuperCom

A hedge fund recently raised its stake in SuperCom stock. Corsair Capital Management L.P. boosted its holdings in SuperCom, Ltd. (NASDAQ:SPCB - Free Report) by 14.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,971 shares of the industrial products company's stock after purchasing an additional 17,400 shares during the quarter. Corsair Capital Management L.P. owned about 2.53% of SuperCom worth $1,065,000 at the end of the most recent quarter. 47.81% of the stock is currently owned by institutional investors and hedge funds.

About SuperCom

SuperCom Ltd. NASDAQ: SPCB is an Israeli technology company that provides secure solutions for the e-government, public safety and justice markets. Its products are designed to help government agencies and service providers manage electronic monitoring, offender supervision, corrections and related public-sector programs.

The company's offerings include electronic monitoring and tracking systems for individuals under court or correctional supervision, including programs involving house arrest, probation, parole, sex offenders and domestic-violence cases.

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