Zacks Investment Research Lowers SuperCom (SPCB) to Hold

SuperCom (NASDAQ:SPCB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

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 reiterated a “buy” rating and set a $5.00 price target on shares of SuperCom in a report on Tuesday, August 14th.

Shares of SPCB stock opened at $1.67 on Wednesday. SuperCom has a 1-year low of $1.53 and a 1-year high of $4.95. The firm has a market cap of $25.28 million, a PE ratio of -11.93 and a beta of 0.30.

SuperCom (NASDAQ:SPCB) last issued its quarterly earnings results on Monday, August 13th. The industrial products company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. SuperCom had a positive return on equity of 4.20% and a negative net margin of 13.75%. The business had revenue of $6.76 million for the quarter, compared to the consensus estimate of $8.00 million. As a group, analysts expect 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 shares of SuperCom Ltd. (NASDAQ:SPCB) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 at the end of the most recent quarter. 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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