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

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

SuperCom Trading Down 15.6 %

Shares of NASDAQ SPCB opened at $0.21 on Friday. SuperCom has a twelve month low of $0.15 and a twelve month high of $1.13. The business has a fifty day simple moving average of $0.19 and a two-hundred day simple moving average of $0.20. The firm has a market cap of $2.79 million, a PE ratio of -0.84 and a beta of 0.08. 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 (NASDAQ:SPCB) last released its quarterly earnings results on Wednesday, May 15th. The industrial products company reported $0.07 EPS for the quarter. The firm had revenue of $6.85 million during the quarter. SuperCom had a positive return on equity of 99.92% and a negative net margin of 6.33%.

Hedge Funds 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 263.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,400,000 shares of the industrial products company’s stock after acquiring an additional 1,739,000 shares during the period. Armistice Capital LLC owned about 39.93% of SuperCom worth $927,000 as of its most recent filing with the Securities & Exchange Commission. 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.