SuperCom (NASDAQ:SPCB) Stock Breaks Below 200-Day Moving Average - Here's What Happened

Key Points

• SuperCom shares fell below their 200-day moving average of $10.27, reaching $9.10 on trading volume of 27,912 shares.
• Analyst sentiment remains negative overall: SuperCom received a downgrade from Weiss Ratings, while Wall Street Zen upgraded it to “buy”; MarketBeat’s consensus rating is “Sell.”
• The company’s latest quarterly results exceeded expectations, with EPS of $0.52 versus a $0.28 estimate and revenue of $8.09 million versus $7.15 million expected. Institutional investors own 47.81% of the stock, with Corsair Capital Management increasing its stake by 14.7%.

SuperCom, Ltd. (NASDAQ:SPCB - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $10.27 and traded as low as $9.10. SuperCom shares last traded at $9.10, with a volume of 27,912 shares.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SPCB. Weiss Ratings downgraded shares of SuperCom from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, October 2nd. Wall Street Zen upgraded SuperCom from a "hold" rating to a "buy" rating in a report on Saturday, October 3rd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of "Sell".

SuperCom Price Performance

The firm's fifty day moving average price is $9.81 and its two-hundred day moving average price is $10.27. The stock has a market capitalization of $50.51 million, a PE ratio of 5.51 and a beta of 1.13. The company has a quick ratio of 5.18, a current ratio of 5.75 and a debt-to-equity ratio of 0.40.

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

Institutional Investors Weigh In On SuperCom

An institutional investor recently raised its position in SuperCom stock. Corsair Capital Management L.P. grew its position in shares of SuperCom, Ltd. (NASDAQ:SPCB - Free Report) by 14.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 135,971 shares of the industrial products company's stock after acquiring 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 reporting period. Hedge funds and other institutional investors own 47.81% of the company's stock.

SuperCom Company Profile

SuperCom Ltd. NASDAQ: SPCB is an Israeli technology company that develops secure solutions for the government, public safety and electronic monitoring markets. Its products are designed to support agencies responsible for offender supervision, domestic violence prevention, corrections, public safety and related social-service programs.

The company's offerings include electronic monitoring systems, location and tracking technologies, biometric identification tools, case-management software and mobile applications.

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