SuperCom (NASDAQ:SPCB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
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. “
Several other research firms have also issued reports on SPCB. HC Wainwright set a $5.00 price target on shares of SuperCom and gave the stock a “buy” rating in a report on Tuesday, December 11th. ValuEngine upgraded shares of SuperCom from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.
SuperCom (NASDAQ:SPCB) last issued its quarterly earnings data on Wednesday, November 14th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $6.08 million during the quarter, compared to the consensus estimate of $8.50 million. SuperCom had a negative net margin of 17.31% and a positive return on equity of 4.30%. As a group, research analysts anticipate that SuperCom will post 0.12 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in SuperCom stock. Virtu Financial LLC purchased a new stake in SuperCom Ltd. (NASDAQ:SPCB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,181 shares of the industrial products company’s stock, valued at approximately $31,000. Virtu Financial LLC owned 0.15% of SuperCom at the end of the most recent quarter. Institutional investors and hedge funds own 8.92% 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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