SuperCom (NASDAQ:SPCB) Share Price Passes Below 200-Day Moving Average – Here’s Why

SuperCom, Ltd. (NASDAQ:SPCB)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.06 and traded as low as $9.67. SuperCom shares last traded at $9.77, with a volume of 64,427 shares changing hands.

Analysts Set New Price Targets

Several research firms have commented on SPCB. Wall Street Zen lowered SuperCom from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of SuperCom in a report on Thursday, August 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

SuperCom Stock Performance

The company has a current ratio of 7.96, a quick ratio of 7.49 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $53.70 million, a price-to-earnings ratio of 5.78 and a beta of 1.17. The stock’s 50 day moving average price is $10.62 and its two-hundred day moving average price is $10.06.

SuperCom (NASDAQ:SPCB) last announced its quarterly earnings data on Thursday, August 13th. The industrial products company reported $0.52 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 analysts’ expectations of $7.15 million. SuperCom had a net margin of 2.92% and a return on equity of 21.28%.

Institutional Investors Weigh In On SuperCom

A hedge fund recently raised its stake in SuperCom stock. Apis Capital Advisors LLC boosted its position in shares of SuperCom, Ltd. (NASDAQ:SPCB) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,000 shares of the industrial products company’s stock after purchasing an additional 5,000 shares during the period. Apis Capital Advisors LLC owned approximately 3.38% of SuperCom worth $896,000 at the end of the most recent reporting period. 47.81% of the stock is owned by institutional investors and hedge funds.

SuperCom Company Profile

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.