SuperCom (NASDAQ:SPCB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm currently has a $2.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price target points to a potential upside of 17.65% from the company’s previous close.
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 restated a “buy” rating and issued a $5.00 price objective on shares of SuperCom in a research note on Tuesday, August 14th.
NASDAQ SPCB opened at $1.70 on Thursday. The firm has a market capitalization of $24.98 million, a price-to-earnings ratio of -12.14 and a beta of 0.30. SuperCom has a one year low of $1.53 and a one year high of $4.95.
SuperCom (NASDAQ:SPCB) last posted its quarterly earnings data on Monday, August 13th. The industrial products company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $6.76 million for the quarter, compared to analyst estimates of $8.00 million. SuperCom had a negative net margin of 13.75% and a positive return on equity of 4.20%. Equities research analysts anticipate that SuperCom will post 0.32 EPS for the current year.
A hedge fund recently bought a new stake in SuperCom stock. Russell Investments Group Ltd. bought a new stake in SuperCom Ltd. (NASDAQ:SPCB) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 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 as of its most recent SEC filing. Institutional investors own 22.36% of the company’s stock.
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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