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

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

SuperCom Price Performance

Shares of NASDAQ SPCB opened at $0.22 on Friday. SuperCom has a fifty-two week low of $0.15 and a fifty-two week high of $1.54. The company has a 50 day simple moving average of $0.20 and a two-hundred day simple moving average of $0.31. The company has a market capitalization of $1.32 million, a price-to-earnings ratio of -0.43 and a beta of 0.27. The company has a debt-to-equity ratio of 5.46, a quick ratio of 7.53 and a current ratio of 8.31.

Institutional Investors Weigh In On SuperCom

Several institutional investors and hedge funds have recently made changes to their positions in SPCB. UBS Group AG bought a new stake in shares of SuperCom during the first quarter valued at approximately $37,000. Virtu Financial LLC increased its position in shares of SuperCom by 126.2% during the first quarter. Virtu Financial LLC now owns 90,927 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 50,735 shares in the last quarter. Armistice Capital LLC bought a new stake in shares of SuperCom during the first quarter valued at approximately $673,000. Finally, Citadel Advisors LLC bought a new stake in shares of SuperCom during the fourth quarter valued at approximately $63,000. Institutional investors 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.