SuperCom (NASDAQ:SPCB) Posts Earnings Results, Beats Expectations By $1.09 EPS

SuperCom (NASDAQ:SPCB) released its quarterly earnings data on Monday. The industrial products company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $1.09, Zacks reports. SuperCom had a net margin of 3.49% and a return on equity of 79.94%.

SuperCom Price Performance

Shares of SPCB stock traded down $1.84 on Monday, hitting $6.11. 2,372,703 shares of the company’s stock were exchanged, compared to its average volume of 445,731. The company has a debt-to-equity ratio of 2.11, a current ratio of 5.10 and a quick ratio of 4.66. SuperCom has a 12 month low of $2.55 and a 12 month high of $18.95. The stock has a market cap of $17.89 million, a P/E ratio of -28.36 and a beta of 1.00. The company has a 50 day moving average of $7.29 and a 200 day moving average of $6.60.

Analyst Upgrades and Downgrades

Separately, Maxim Group raised their price objective on SuperCom from $12.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 21st.

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 operates in three segments: e-Gov, IoT and Connectivity, and Cyber Security. It offers MAGNA, a platform for national ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management.