SuperCom (NASDAQ:SPCB) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded SuperCom from “Buy” to “Hold,” while Weiss Ratings slightly improved its rating from “Sell (D)” to “Sell (D+).” The stock’s consensus rating remains “Sell.”
• SuperCom shares opened at $11.41, with a market capitalization of approximately $63.3 million and a price-to-earnings ratio of 6.72. The stock is trading between a 52-week range of $7.07 to $13.57.
• The company reported quarterly earnings of $0.52 per share, exceeding the $0.28 consensus estimate, while revenue of $8.09 million also topped expectations. Institutional investors own 47.81% of SuperCom’s shares.

SuperCom (NASDAQ:SPCB - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings upgraded shares of SuperCom from a "sell (d)" rating to a "sell (d+)" rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of "Sell".

SuperCom Stock Up 0.5%

Shares of NASDAQ SPCB opened at $11.41 on Friday. 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 stock has a market capitalization of $63.33 million, a PE ratio of 6.72 and a beta of 1.17. SuperCom has a one year low of $7.07 and a one year high of $13.57. The business's fifty day moving average price is $11.05 and its 200-day moving average price is $9.86.

SuperCom (NASDAQ:SPCB - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The industrial products company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.24. SuperCom had a return on equity of 21.28% and a net margin of 2.92%.The company had revenue of $8.09 million during the quarter, compared to analyst estimates of $7.15 million.

Institutional Trading of SuperCom

A number of hedge funds and other institutional investors have recently made changes to their positions in SPCB. Corsair Capital Management L.P. lifted its holdings in SuperCom by 14.7% during the 1st quarter. Corsair Capital Management L.P. now owns 135,971 shares of the industrial products company's stock worth $1,065,000 after purchasing an additional 17,400 shares in the last quarter. XTX Topco Ltd purchased a new position in SuperCom during the 4th quarter valued at about $141,000. Apis Capital Advisors LLC increased its position in shares of SuperCom by 5.3% during the fourth quarter. Apis Capital Advisors LLC now owns 99,000 shares of the industrial products company's stock valued at $896,000 after buying an additional 5,000 shares during the period. Stifel Financial Corp increased its position in shares of SuperCom by 310.5% during the fourth quarter. Stifel Financial Corp now owns 117,000 shares of the industrial products company's stock valued at $1,059,000 after buying an additional 88,500 shares during the period. Finally, LPL Financial LLC purchased a new stake in shares of SuperCom in the fourth quarter worth about $92,000. 47.81% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source