SuperCom (NASDAQ:SPCB) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

SuperCom Ltd. (NASDAQ:SPCB)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.93 and traded as high as $3.15. SuperCom shares last traded at $3.10, with a volume of 44,497 shares.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on SuperCom in a report on Tuesday, August 27th. They set a “hold” rating on the stock.

SuperCom Stock Up 0.3 %

The company has a 50 day moving average price of $2.93 and a 200-day moving average price of $1.17. The stock has a market capitalization of $2.05 million, a PE ratio of 7.75 and a beta of 0.08. The company has a debt-to-equity ratio of 2.11, a current ratio of 5.10 and a quick ratio of 4.66.

SuperCom (NASDAQ:SPCB) last issued its quarterly earnings data on Thursday, August 15th. The industrial products company reported $1.80 EPS for the quarter. SuperCom had a net margin of 5.70% and a return on equity of 101.73%. The business had revenue of $7.55 million during the quarter.

About SuperCom

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.