SuperCom (NASDAQ:SPCB) Share Price Breaks Below 200 Day Moving Average – What’s Next?

SuperCom, Ltd. (NASDAQ:SPCB) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.14 and traded as low as $9.18. SuperCom shares last traded at $9.41, with a volume of 71,065 shares changing hands.

Analyst Ratings Changes

SPCB has been the topic of several research analyst reports. Wall Street Zen upgraded shares of SuperCom from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings downgraded SuperCom from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SuperCom presently has an average rating of “Sell”.

SuperCom Stock Performance

The stock has a market capitalization of $52.21 million, a price-to-earnings ratio of 5.60 and a beta of 1.13. The firm has a fifty day moving average of $10.28 and a 200-day moving average of $10.14.

SuperCom (NASDAQ:SPCB) last released its quarterly earnings results on Thursday, August 13th. The industrial products company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.24. The firm had revenue of $8.09 million during the quarter, compared to analysts’ expectations of $7.15 million. SuperCom had a return on equity of 20.20% and a net margin of 2.92%.

Hedge Funds Weigh In On SuperCom

An institutional investor recently raised its stake in SuperCom stock. Apis Capital Advisors LLC increased its stake in SuperCom, Ltd. (NASDAQ:SPCB) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,000 shares of the industrial products company’s stock after purchasing an additional 5,000 shares during the period. Apis Capital Advisors LLC owned 3.38% of SuperCom worth $896,000 at the end of the most recent reporting period. 47.81% of the stock is owned by institutional investors.

About SuperCom

SuperCom Ltd. (NASDAQ: SPCB) is an Israel-based technology company that develops secure solutions for the e-government, public safety and electronic-monitoring markets. Its products are designed to help government agencies, law-enforcement organizations and service providers manage individuals and cases through digital identification, tracking and monitoring technologies.

The company’s PureSecurity product suite supports electronic monitoring programs, including GPS-based location tracking, home detention, offender monitoring and domestic-violence prevention.