SuperCom (NASDAQ:SPCB) Shares Pass Above 50-Day Moving Average – Time to Sell?

by · The Cerbat Gem

SuperCom, Ltd. (NASDAQ:SPCB – Get Free Report)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.77 and traded as high as $9.92. SuperCom shares last traded at $9.89, with a volume of 36,215 shares.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SPCB. Wall Street Zen upgraded SuperCom from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “sell (d)” rating on shares of SuperCom in a research report on Monday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.00.

Check Out Our Latest Stock Analysis on SuperCom

SuperCom Stock Performance

The firm has a fifty day moving average of $9.76 and a 200-day moving average of $10.12. The company has a quick ratio of 9.69, a current ratio of 10.29 and a debt-to-equity ratio of 0.63. The firm has a market cap of $28.39 million, a P/E ratio of 12.27 and a beta of 0.88.

SuperCom (NASDAQ:SPCB – Get Free Report) last announced its quarterly earnings data on Thursday, November 13th. The industrial products company reported $0.39 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.41. SuperCom had a return on equity of 37.99% and a net margin of 15.53%.The firm had revenue of $6.22 million during the quarter, compared to analysts’ expectations of $5.76 million.

Hedge Funds Weigh In On SuperCom

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new stake in SuperCom during the 3rd quarter worth $254,000. Apis Capital Advisors LLC boosted its position in shares of SuperCom by 213.3% in the 3rd quarter. Apis Capital Advisors LLC now owns 94,000 shares of the industrial products company’s stock worth $1,132,000 after purchasing an additional 64,000 shares during the last quarter. Corsair Capital Management L.P. bought a new position in shares of SuperCom in the 2nd quarter worth $311,000. JPMorgan Chase & Co. acquired a new stake in shares of SuperCom during the second quarter worth $31,000. Finally, Armistice Capital LLC bought a new stake in SuperCom in the first quarter valued at about $2,421,000. 47.81% of the stock is owned by institutional investors.

About SuperCom

(Get Free Report)

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.

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