SuperCom (NASDAQ:SPCB) Now Covered by StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of SuperCom (NASDAQ:SPCB) in a report issued on Tuesday. The firm set a “sell” rating on the industrial products company’s stock.

SuperCom Stock Performance

NASDAQ SPCB opened at $0.19 on Tuesday. The company has a quick ratio of 4.81, a current ratio of 5.27 and a debt-to-equity ratio of 7.05. SuperCom has a twelve month low of $0.15 and a twelve month high of $1.27. The business has a 50-day moving average price of $0.21 and a 200-day moving average price of $0.28. The firm has a market cap of $2.53 million, a price-to-earnings ratio of -0.37 and a beta of 0.14.

Institutional Investors Weigh In On SuperCom

A hedge fund recently raised its stake in SuperCom stock. Armistice Capital LLC increased its stake in shares of SuperCom Ltd. (NASDAQ:SPCB) by 81.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 661,000 shares of the industrial products company’s stock after acquiring an additional 297,244 shares during the quarter. Armistice Capital LLC owned about 11.00% of SuperCom worth $277,000 at the end of the most recent quarter. Hedge funds and other 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.