SuperCom (NASDAQ:SPCB) Shares Pass Above Fifty Day Moving Average – What’s Next?

SuperCom, Ltd. (NASDAQ:SPCB)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.95 and traded as high as $12.87. SuperCom shares last traded at $11.94, with a volume of 237,435 shares changing hands.

Analyst Upgrades and Downgrades

SPCB has been the subject of a number of research analyst reports. Weiss Ratings upgraded SuperCom from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Wall Street Zen upgraded shares of SuperCom from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

SuperCom Price Performance

The company has a market capitalization of $64.12 million, a PE ratio of 238.80 and a beta of 1.16. The company has a quick ratio of 7.49, a current ratio of 7.96 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average is $10.95 and its 200-day moving average is $9.44.

SuperCom (NASDAQ:SPCB) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.47. SuperCom had a return on equity of 21.03% and a net margin of 2.98%.The business had revenue of $7.48 million for the quarter, compared to the consensus estimate of $6.34 million.

Institutional Trading of SuperCom

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in SuperCom during the second quarter valued at approximately $31,000. Apis Capital Advisors LLC lifted its holdings in shares of SuperCom by 5.3% in the 4th quarter. Apis Capital Advisors LLC now owns 99,000 shares of the industrial products company’s stock worth $896,000 after acquiring an additional 5,000 shares during the last quarter. Corsair Capital Management L.P. boosted its stake in shares of SuperCom by 7.8% in the 4th quarter. Corsair Capital Management L.P. now owns 118,571 shares of the industrial products company’s stock valued at $1,073,000 after purchasing an additional 8,571 shares in the last quarter. LPL Financial LLC purchased a new stake in shares of SuperCom in the 4th quarter valued at $92,000. Finally, XTX Topco Ltd bought a new position in shares of SuperCom during the 4th quarter valued at $141,000. Hedge funds and other institutional investors own 47.81% of the company’s stock.

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.