SuperCom (NASDAQ:SPCB) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of SuperCom (NASDAQ:SPCB) in a research note published on Sunday morning. The brokerage issued a sell rating on the industrial products company’s stock.

SuperCom Stock Down 6.8 %

SPCB stock opened at $0.22 on Friday. The stock has a market capitalization of $1.34 million, a P/E ratio of -0.44 and a beta of 0.27. The company has a debt-to-equity ratio of 5.46, a quick ratio of 7.53 and a current ratio of 8.31. SuperCom has a one year low of $0.15 and a one year high of $1.36. The company has a 50 day moving average price of $0.20 and a two-hundred day moving average price of $0.30.

Institutional Trading of SuperCom

A hedge fund recently raised its stake in SuperCom stock. Armistice Capital LLC boosted its position in SuperCom Ltd. (NASDAQ:SPCB) by 81.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 661,000 shares of the industrial products company’s stock after acquiring an additional 297,244 shares during the period. Armistice Capital LLC owned about 11.00% of SuperCom worth $277,000 at the end of the most recent reporting period. Institutional investors own 47.81% of the company’s stock.

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.