SuperCom (NASDAQ:SPCB) Earns Sell Rating from Analysts at StockNews.com

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

SuperCom Stock Down 6.3 %

NASDAQ SPCB opened at $0.21 on Monday. The company has a debt-to-equity ratio of 7.05, a current ratio of 5.27 and a quick ratio of 4.81. The stock has a market capitalization of $2.76 million, a PE ratio of -0.41 and a beta of 0.27. SuperCom has a 1 year low of $0.15 and a 1 year high of $1.28. The business’s 50-day moving average is $0.21 and its 200 day moving average is $0.29.

Institutional Trading of SuperCom

A hedge fund recently raised its stake in SuperCom stock. Armistice Capital LLC boosted its stake in SuperCom Ltd. (NASDAQ:SPCB) by 263.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,400,000 shares of the industrial products company’s stock after buying an additional 1,739,000 shares during the period. Armistice Capital LLC owned 39.93% of SuperCom worth $927,000 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.