SuperCom (NASDAQ:SPCB) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

SuperCom Ltd. (NASDAQ:SPCB)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.83 and traded as low as $6.70. SuperCom shares last traded at $6.90, with a volume of 195,763 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Maxim Group raised their price target on shares of SuperCom from $12.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. StockNews.com raised shares of SuperCom from a “sell” rating to a “hold” rating in a research note on Thursday.

SuperCom Price Performance

The stock has a market cap of $20.22 million, a PE ratio of -31.36 and a beta of 0.81. The stock’s fifty day moving average is $6.58 and its 200-day moving average is $6.83. 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 (NASDAQ:SPCB) last announced its quarterly earnings results on Wednesday, May 14th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $1.59. The business had revenue of $7.05 million during the quarter. SuperCom had a net margin of 3.49% and a return on equity of 79.94%.

Institutional Trading of SuperCom

Institutional investors and hedge funds have recently bought and sold shares of the stock. Armistice Capital LLC purchased a new position in shares of SuperCom during the 1st quarter worth approximately $2,421,000. Virtu Financial LLC acquired a new position in SuperCom during the fourth quarter worth $50,000. Finally, Renaissance Technologies LLC purchased a new position in shares of SuperCom during the fourth quarter worth $50,000. 47.81% of the stock is currently owned by hedge funds and other institutional investors.

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 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.