Supercom Upgraded at TheStreet (SPCB)
Posted by Noah on Jun 3rd, 2015 // No Comments
Supercom logoSupercom (NASDAQ:SPCB) was upgraded by research analysts at TheStreet from a “hold” rating to a “buy” rating in a report released on Tuesday.
A number of other firms have also recently commented on SPCB. Analysts at Zacks upgraded shares of Supercom from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday. Analysts at B. Riley reiterated a “buy” rating and set a $17.75 price target on shares of Supercom in a research note on Thursday, May 28th. Analysts at Singular Research initiated coverage on shares of Supercom in a research note on Tuesday, March 31st. They set a “buy” rating and a $13.25 price target on the stock. Finally, analysts at Feltl & Co. initiated coverage on shares of Supercom in a research note on Friday, March 27th. They set a “strong-buy” rating and a $16.00 price target on the stock. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Supercom currently has a consensus rating of “Buy” and a consensus target price of $15.17.
Shares of Supercom (NASDAQ:SPCB) traded up 1.51% on Tuesday, hitting $12.78. 230,128 shares of the company’s stock traded hands. Supercom has a 52-week low of $7.01 and a 52-week high of $14.15. The stock has a 50-day moving average of $11. and a 200-day moving average of $9.. The company has a market cap of $175.62 million and a price-to-earnings ratio of 28.40.
Supercom (NASDAQ:SPCB) last posted its quarterly earnings results on Monday, June 1st. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.02. Analysts expect that Supercom will post $1.22 EPS for the current fiscal year.
SuperCom Ltd. is an Israel-based provider of traditional and digital identity solutions, providing advanced safety, identification, tracking and security products to governments and, private and public organizations. The Company provides cutting edge real-time positioning, tracking, monitoring and verification solutions enabled by its PureRF wireless hybrid suite of products and technologies, all connected to a web-based, secure, proprietary, interactive and user-friendly interface.
