SuperCom (NASDAQ:SPCB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

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. “

A number of other brokerages have also commented on SPCB. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. HC Wainwright set a $4.00 price objective on Uranium Energy and gave the stock a “buy” rating in a research report on Tuesday, June 11th.

SPCB stock remained flat at $$1.07 during midday trading on Tuesday. The company had a trading volume of 109 shares, compared to its average volume of 17,566. The company has a fifty day simple moving average of $1.09. SuperCom has a 1 year low of $0.98 and a 1 year high of $2.10.

SuperCom (NASDAQ:SPCB) last announced its quarterly earnings data on Monday, June 10th. The industrial products company reported $0.06 EPS for the quarter. The firm had revenue of $5.67 million during the quarter. Sell-side analysts anticipate that SuperCom will post 0.15 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in SuperCom stock. Ridgewood Investments LLC raised its stake in shares of SuperCom Ltd. (NASDAQ:SPCB) by 54.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,020 shares of the industrial products company’s stock after buying an additional 7,050 shares during the quarter. Ridgewood Investments LLC owned about 0.13% of SuperCom worth $28,000 at the end of the most recent reporting period. 18.46% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Rule of 72

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