SuperCom, Ltd. – Ordinary Share (NASDAQ:SPCB) Takes Off in Trading Today – Up by 6.77%


The company is so far trading up by 6.77% percent from yesterday’s close making it one of today’s top gainers. 12,670 shares have changed hands.

Shares of the company are trading at $2.84 barely below the 50 day moving average which is $3.12 and which is a tad under the 200 day moving average of $2.98. The 50 day moving average went down $-0.28 or -8.85% and the 200 day average moved down $-0.14.

Traders are a little more bullish of late as indicated by the decrease in short interest. The stock experienced a fall in short interest of -2.23% as of August 31, 2017 from the last reporting period. Short shares fell from 479,228 to 468,520 over that period. With short interest at 468,520 and short average daily volume at 10,204, days to cover is 46.0 and the percentage of shorted shares was 0.03% on August 31.

A few notable investment firms have updated their holdings. As of quarter end Ubs Group Ag had bought a total of 3,786 shares growing its position 342.6%. The value of the investment in SuperCom, Ltd. – Ordinary Share increased from $3,000 to $16,000 a change of $13,000 quarter to quarter. As of the end of the quarter Tower Research Capital LLC (trc) had acquired 2,795 shares growing its holdings by 1,318.4%. The value of the investment in SPCB went from $1,000 to $10,000 increasing 900.0% for the reporting period.

Boston Partners cut its stake by shedding 834,375 shares a decrease of 87.3%. Boston Partners currently owns 121,500 shares valued at $388,000. The value of the position overall is down by 85.8%. As of quarter end Ladenburg Thalmann Financial Services Inc. had disposed of 500 shares trimming its stake by 0.5%. The value of the investment in (SPCB) went from $265,000 to $294,000 a change of 10.9% quarter over quarter.

As of the latest earnings report the EPS was $-1.02 and is expected to be $0.07 for the current year with 14,938,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.08 with next year’s EPS projected to be $0.24.

SuperCom Ltd., launched on July 4, 1988, is a provider of traditional and digital identity solutions, providing safety, identification, tracking and security products to governments, and private and public organizations throughout the world. Through its e-government platforms and solutions for traditional and biometrics enrollment, personalization, issuance and border control services, the Company enables governments and national agencies to design and issue multi-identification (Multi-ID) documents and digital identity solutions to their citizens and visitors. The Company offers secure mobile payments ranging from mobile wallet to mobile point of sale (POS). The Company also provides an all-in-one radio-frequency identification (RFID) and PureSecurity solutions suite, accompanied by complementary services for various industries, including security and safety, community public safety, law enforcement and electronic monitoring..