SuperCom (NASDAQ:SPCB) Share Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

SuperCom, Ltd. (NASDAQ:SPCB)’s share price passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $9.74 and traded as low as $9.54. SuperCom shares last traded at $9.54, with a volume of 56,543 shares.

Wall Street Analyst Weigh In

SPCB has been the topic of a number of recent research reports. Wall Street Zen raised SuperCom from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. Weiss Ratings lowered SuperCom from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

SuperCom Trading Down 5.2%

The stock’s fifty day moving average price is $9.66 and its 200 day moving average price is $9.74. The company has a quick ratio of 5.18, a current ratio of 5.75 and a debt-to-equity ratio of 0.40. The stock has a market cap of $52.95 million, a PE ratio of 5.94 and a beta of 1.13.

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

Institutional Trading of SuperCom

A hedge fund recently raised its stake in SuperCom stock. Corsair Capital Management L.P. grew its holdings in SuperCom, Ltd. (NASDAQ:SPCB) by 14.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,971 shares of the industrial products company’s stock after purchasing an additional 17,400 shares during the period. Corsair Capital Management L.P. owned about 2.53% of SuperCom worth $1,065,000 as of its most recent SEC filing. Institutional investors own 47.81% of the company’s stock.

About SuperCom

SuperCom Ltd. (NASDAQ: SPCB) is an Israeli technology company that provides secure solutions for the e-government, public safety and justice markets. Its products are designed to help government agencies and service providers manage electronic monitoring, offender supervision, corrections and related public-sector programs.

The company’s offerings include electronic monitoring and tracking systems for individuals under court or correctional supervision, including programs involving house arrest, probation, parole, sex offenders and domestic-violence cases.