SuperCom (NASDAQ:SPCB) Coverage Initiated at StockNews.com

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

SuperCom Price Performance

Shares of SuperCom stock opened at $0.19 on Tuesday. The stock has a 50-day moving average price of $0.20 and a 200 day moving average price of $0.23. The company has a market cap of $2.47 million, a P/E ratio of -0.74 and a beta of 0.08. The company has a current ratio of 5.27, a quick ratio of 4.81 and a debt-to-equity ratio of 7.05. SuperCom has a 1 year low of $0.15 and a 1 year high of $1.19.

SuperCom (NASDAQ:SPCB) last posted its quarterly earnings results on Monday, April 22nd. The industrial products company reported $0.26 earnings per share for the quarter. SuperCom had a positive return on equity of 99.92% and a negative net margin of 6.33%. The company had revenue of $5.67 million during the quarter.

Institutional Trading of SuperCom

An institutional investor recently raised its position in SuperCom stock. Armistice Capital LLC raised its holdings in SuperCom Ltd. (NASDAQ:SPCB) by 263.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,400,000 shares of the industrial products company’s stock after purchasing an additional 1,739,000 shares during the quarter. Armistice Capital LLC owned approximately 39.93% of SuperCom worth $927,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.