SuperCom (NASDAQ:SPCB) Shares Pass Below 50-Day Moving Average – Should You Sell?

SuperCom, Ltd. (NASDAQ:SPCB)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.35 and traded as low as $7.71. SuperCom shares last traded at $7.91, with a volume of 169,777 shares traded.

Wall Street Analyst Weigh In

SPCB has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of SuperCom from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of SuperCom in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.00.

SuperCom Stock Up 6.3%

The stock has a market capitalization of $24.64 million, a price-to-earnings ratio of 10.65 and a beta of 0.91. The business has a 50-day moving average of $9.30 and a 200-day moving average of $9.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 9.69 and a current ratio of 10.29.

SuperCom (NASDAQ:SPCB) last announced its earnings results on Thursday, November 13th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.41. The company had revenue of $6.22 million for the quarter, compared to analyst estimates of $5.76 million. SuperCom had a return on equity of 37.99% and a net margin of 15.53%.

Institutional Trading of SuperCom

A number of large investors have recently modified their holdings of SPCB. JPMorgan Chase & Co. purchased a new stake in shares of SuperCom during the second quarter worth approximately $31,000. Citadel Advisors LLC purchased a new stake in shares of SuperCom in the 3rd quarter valued at approximately $254,000. Corsair Capital Management L.P. purchased a new stake in shares of SuperCom in the 2nd quarter valued at approximately $311,000. Finally, Apis Capital Advisors LLC raised its holdings 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 valued at $1,132,000 after purchasing an additional 64,000 shares in the last quarter. 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.