SuperCom (NASDAQ:SPCB) spotted trading -56.18% off 52-week high price. On the other end, the stock has been noted 11.25% away from the low price over the last 52-weeks. The stock changed 1.29% to recent value of $0.78. The stock transacted 34948 shares during most recent day however it has an average volume of 38.88K shares. The company has 14.74M of outstanding shares and 10.94M shares were floated in the market.
On Oct. 2, 2019, SuperCom (NASDAQ:SPCB) a global provider of secure solutions for the e-Government, IOT and Cybersecurity sectors released a new PureSecurity Suite contract signing in the Midwest USA. This continues SuperCom’s positive momentum in securing contracts to provide their advanced Electronic Monitoring products to the US as well as to international customers. This contract marks SuperCom’s 9th new customer in the public safety sector in 2019, while continuing to maintain and grow existing accounts.
This newest customer is a long standing provider of products and services to the Criminal Justice market with primary operations in the Midwest USA. They are leaders in evidence-informed criminal justice programs, practices, and policies. SuperCom’s revolutionary products and successful business model working directly with government agencies as well as electronic monitoring service providers were both instrumental in securing the contract. The customer will be billed at a per-unit daily rate for the use of the PureSecurity suite and generate steady-state recurring revenues accordingly.
As a public safety solutions manufacturer, SuperCom must be selective in whom we work with. We are continually impressed at the level of highly respected partners we are able to contract with. These quality partnerships are a testament to the value our products bring to the market, commented Ordan Trabelsi, President of the Americas for SuperCom.
SuperCom continues to win new business in a competitive and demanding market with legacy incumbent vendors. Public Safety technology product evaluations are lengthy and thorough. There is a lot riding on the line, and customers cannot afford to make the wrong decision. Additionally, they make a considerable investment in time and effort educating their staff on the operations and capabilities of our products. Each win continues to demonstrate industry acceptance and faith in our abilities, commented Ordan Trabelsi.
Its earnings per share (EPS) expected to touch remained 52.00% for this year.SPCB has a gross margin of 56.30% and an operating margin of 3.60% while its profit margin remained 0.10% for the last 12 months.
The price moved ahead of -8.17% from the mean of 20 days, -17.93% from mean of 50 days SMA and performed -39.31% from mean of 200 days price. Company’s performance for the week was -2.50%, -22.00% for month and YTD performance remained -43.48%.