SuperCom, Ltd. (SPCB) Sees Large Volume Increase

Shares of SuperCom, Ltd. (NASDAQ:SPCB) saw unusually-strong trading volume on Monday . Approximately 15,055,061 shares traded hands during mid-day trading, an increase of 54,686% from the previous session’s volume of 27,480 shares.The stock last traded at $3.72 and had previously closed at $2.73.

The company’s 50-day moving average price is $3.06 and its 200 day moving average price is $3.04. The stock’s market cap is $55.57 million.

SuperCom (NASDAQ:SPCB) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.08. The company had revenue of $7.50 million for the quarter. Equities research analysts predict that SuperCom, Ltd. will post $0.07 earnings per share for the current fiscal year.

An institutional investor recently raised its position in SuperCom stock. Boston Partners lifted its stake in shares of SuperCom, Ltd. (NASDAQ:SPCB) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,108,888 shares of the industrial products company’s stock after buying an additional 37,313 shares during the period. Boston Partners owned about 7.42% of SuperCom worth $3,538,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 21.01% of the company’s stock.

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SuperCom Company Profile

SuperCom Ltd 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 documents and digital identity solutions to their citizens and visitors.

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