SuperCom (NASDAQ:SPCB) Posts Earnings Results, Beats Estimates By $0.41 EPS

SuperCom (NASDAQ:SPCB) posted its earnings results on Thursday. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.41, Zacks reports. SuperCom had a return on equity of 37.28% and a net margin of 11.00%.

SuperCom Trading Up 3.3%

SPCB traded up $0.34 on Thursday, hitting $10.39. 134,894 shares of the company were exchanged, compared to its average volume of 457,204. The firm has a fifty day simple moving average of $10.93 and a two-hundred day simple moving average of $9.85. SuperCom has a 12 month low of $3.08 and a 12 month high of $18.95. The stock has a market capitalization of $30.43 million, a PE ratio of 24.27 and a beta of 1.19. The company has a debt-to-equity ratio of 0.63, a quick ratio of 9.69 and a current ratio of 10.29.

Institutional Trading of SuperCom

A hedge fund recently bought a new stake in SuperCom stock. JPMorgan Chase & Co. bought a new position in SuperCom, Ltd. (NASDAQ:SPCB) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,002 shares of the industrial products company’s stock, valued at approximately $31,000. JPMorgan Chase & Co. owned about 0.10% of SuperCom as of its most recent filing with the Securities & Exchange Commission. 47.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of SuperCom from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of SuperCom in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.00.

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 operates in three segments: e-Gov, IoT and Connectivity, and Cyber Security. It offers MAGNA, a platform for national ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management.