SuperCom (NASDAQ:SPCB) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• SuperCom shares fell below their 200-day moving average, trading as low as $9.18 versus the $10.14 average, and last changed hands at $9.41.
• Analyst sentiment remains broadly negative: Weiss Ratings maintained a “sell” rating, Wall Street Zen upgraded the stock to “buy,” but MarketBeat reports a consensus “Sell” rating.
• Despite the technical weakness, SuperCom’s latest quarterly results beat expectations, with EPS of $0.52 versus $0.28 estimated and revenue of $8.09 million versus $7.15 million expected.

Shares of SuperCom, Ltd. (NASDAQ:SPCB - Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.14 and traded as low as $9.18. SuperCom shares last traded at $9.41, with a volume of 71,065 shares changing hands.

Analysts Set New Price Targets

SPCB has been the topic of several analyst reports. Weiss Ratings restated a "sell (d+)" rating on shares of SuperCom in a report on Thursday, August 27th. Wall Street Zen upgraded shares of SuperCom from a "hold" rating to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SuperCom has a consensus rating of "Sell".

SuperCom Stock Down 0.5%

The firm has a market cap of $52.23 million, a PE ratio of 5.60 and a beta of 1.13. The company has a 50-day simple moving average of $10.28 and a two-hundred day simple moving average of $10.14.

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

Institutional Trading of SuperCom

An institutional investor recently raised its position in SuperCom stock. Corsair Capital Management L.P. raised its stake in SuperCom, Ltd. (NASDAQ:SPCB - Free Report) by 14.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 approximately 2.53% of SuperCom worth $1,065,000 as of its most recent filing with the Securities & Exchange Commission. 47.81% of the stock is owned by institutional investors and hedge funds.

About SuperCom

SuperCom Ltd. NASDAQ: SPCB is an Israel-based technology company that develops secure solutions for the e-government, public safety and electronic-monitoring markets. Its products are designed to help government agencies, law-enforcement organizations and service providers manage individuals and cases through digital identification, tracking and monitoring technologies.

The company's PureSecurity product suite supports electronic monitoring programs, including GPS-based location tracking, home detention, offender monitoring and domestic-violence prevention.

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