SuperCom (SPCB) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of SuperCom (NASDAQ:SPCB) from a buy rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “SuperCom Ltd. is a provider of radio frequency identification solutions. It offers advanced safety, identification and security products and solutions primarily to Governments, private and public organizations. The Company produces systems for viewing, tracking, locating, credentialing, and managing assets and personnel. SuperCom Ltd., formerly known as Vuance Ltd., is headquartered in Qadima, Israel. “

Separately, HC Wainwright reissued a buy rating and issued a $5.00 price target on shares of SuperCom in a research note on Tuesday, August 14th.

Shares of NASDAQ SPCB traded down $0.02 during trading hours on Wednesday, hitting $1.67. The stock had a trading volume of 12,436 shares, compared to its average volume of 143,767. The stock has a market cap of $25.28 million, a price-to-earnings ratio of -11.79 and a beta of 0.30. SuperCom has a 52 week low of $1.53 and a 52 week high of $4.95.

SuperCom (NASDAQ:SPCB) last announced its quarterly earnings results on Monday, August 13th. The industrial products company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The business had revenue of $6.76 million during the quarter, compared to analysts’ expectations of $8.00 million. SuperCom had a positive return on equity of 4.20% and a negative net margin of 13.75%. Analysts predict that SuperCom will post 0.32 EPS for the current fiscal year.

An institutional investor recently bought a new position in SuperCom stock. Russell Investments Group Ltd. purchased a new stake in SuperCom Ltd. (NASDAQ:SPCB) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 180,406 shares of the industrial products company’s stock, valued at approximately $493,000. Russell Investments Group Ltd. owned approximately 1.21% of SuperCom as of its most recent filing with the SEC. Hedge funds and other institutional investors own 22.36% of the company’s stock.

SuperCom Company Profile

SuperCom Ltd. provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide. The company offers MAGNA, a common platform for ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management.

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