StockNews.com Initiates Coverage on SuperCom (NASDAQ:SPCB)

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

SuperCom Stock Performance

NASDAQ SPCB opened at $0.24 on Monday. SuperCom has a twelve month low of $0.15 and a twelve month high of $1.28. The firm has a 50-day simple moving average of $0.21 and a 200 day simple moving average of $0.30. The company has a current ratio of 5.27, a quick ratio of 4.81 and a debt-to-equity ratio of 7.05.

Institutional Trading of SuperCom

A hedge fund recently raised its stake in SuperCom stock. Armistice Capital LLC boosted its holdings in shares of SuperCom Ltd. (NASDAQ:SPCB) by 81.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 661,000 shares of the industrial products company’s stock after buying an additional 297,244 shares during the period. Armistice Capital LLC owned about 11.00% of SuperCom worth $277,000 as of its most recent SEC filing. Institutional investors and hedge funds own 47.81% of the company’s stock.

SuperCom Company Profile

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.