SuperCom (NASDAQ:SPCB) Stock Rating Upgraded by Wall Street Zen
by Renee Jackson · The Cerbat GemSuperCom (NASDAQ:SPCB – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SuperCom in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SuperCom presently has an average rating of “Sell”.
View Our Latest Report on SPCB
SuperCom Price Performance
Shares of SPCB stock opened at $9.19 on Friday. SuperCom has a 1 year low of $5.43 and a 1 year high of $13.57. The firm’s 50 day moving average is $8.35 and its 200-day moving average is $9.14. The firm has a market capitalization of $26.93 million, a price-to-earnings ratio of 11.63 and a beta of 0.91. The company has a current ratio of 8.29, a quick ratio of 7.75 and a debt-to-equity ratio of 0.52.
Institutional Investors Weigh In On SuperCom
A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new stake in shares of SuperCom during the second quarter worth approximately $31,000. Apis Capital Advisors LLC raised its stake 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 worth $896,000 after buying an additional 5,000 shares during the last quarter. Corsair Capital Management L.P. raised its stake in shares of SuperCom by 7.8% during the fourth quarter. Corsair Capital Management L.P. now owns 118,571 shares of the industrial products company’s stock worth $1,073,000 after buying an additional 8,571 shares during the last quarter. LPL Financial LLC bought a new stake in shares of SuperCom during the fourth quarter worth approximately $92,000. Finally, XTX Topco Ltd bought a new stake in shares of SuperCom during the fourth quarter worth approximately $141,000. 47.81% of the stock is owned by institutional investors.
SuperCom Company Profile
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.