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

StockNews.com began coverage on shares of SuperCom (NASDAQ:SPCB) in a report issued on Tuesday morning. The brokerage issued a sell rating on the industrial products company’s stock.

SuperCom Stock Performance

NASDAQ:SPCB opened at $0.21 on Tuesday. SuperCom has a 12-month low of $0.15 and a 12-month high of $1.27. The company has a current ratio of 5.27, a quick ratio of 4.81 and a debt-to-equity ratio of 7.05. The stock has a market capitalization of $2.74 million, a P/E ratio of -0.40 and a beta of 0.14. The stock has a 50-day moving average price of $0.21 and a 200 day moving average price of $0.29.

Hedge Funds Weigh In On SuperCom

An institutional investor recently raised its position in SuperCom stock. Armistice Capital LLC raised its position in SuperCom Ltd. (NASDAQ:SPCB) by 81.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 661,000 shares of the industrial products company’s stock after purchasing an additional 297,244 shares during the quarter. Armistice Capital LLC owned 11.00% of SuperCom worth $277,000 as of its most recent SEC filing. Hedge funds and other 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.