SuperCom (NASDAQ:SPCB) Issues Quarterly Earnings Results

SuperCom (NASDAQ:SPCB) issued its quarterly earnings data on Monday. The industrial products company reported $0.06 EPS for the quarter, reports. The business had revenue of $5.67 million during the quarter. SuperCom had a negative net margin of 17.31% and a positive return on equity of 4.30%.

NASDAQ:SPCB traded down $0.01 on Wednesday, hitting $1.10. The company had a trading volume of 30,929 shares, compared to its average volume of 73,259. The company has a market cap of $16.39 million, a price-to-earnings ratio of 13.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.07. SuperCom has a 52 week low of $0.98 and a 52 week high of $2.47.

Large investors have recently modified their holdings of the stock. Ridgewood Investments LLC increased its position in SuperCom by 54.4% in the 1st quarter. Ridgewood Investments LLC now owns 20,020 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 7,050 shares during the period. Jane Street Group LLC increased its position in SuperCom by 128.2% in the 1st quarter. Jane Street Group LLC now owns 35,254 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 19,803 shares during the period. Lehman & Derafelo Financial Resources LLC acquired a new position in SuperCom in the 4th quarter valued at approximately $87,000. Quantum Capital Management increased its position in SuperCom by 74.4% in the 4th quarter. Quantum Capital Management now owns 72,812 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 31,053 shares during the period. Finally, First Wilshire Securities Management Inc. increased its position in SuperCom by 6.4% in the 1st quarter. First Wilshire Securities Management Inc. now owns 227,123 shares of the industrial products company’s stock valued at $323,000 after acquiring an additional 13,575 shares during the period. 18.26% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on SPCB. HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of SuperCom in a research note on Tuesday. ValuEngine downgraded shares of SuperCom from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research raised shares of SuperCom from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th.

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About SuperCom

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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Earnings History for SuperCom (NASDAQ:SPCB)

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