SuperCom (NASDAQ:SPCB) Receives New Coverage from Analysts at StockNews.com

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

SuperCom Trading Down 4.0 %

Shares of SPCB stock opened at $0.18 on Thursday. The stock has a market cap of $1.07 million, a price-to-earnings ratio of -0.35 and a beta of 0.27. The company has a quick ratio of 7.53, a current ratio of 8.31 and a debt-to-equity ratio of 5.46. SuperCom has a fifty-two week low of $0.15 and a fifty-two week high of $1.64. The firm’s 50 day moving average price is $0.19 and its two-hundred day moving average price is $0.33.

Institutional Trading of SuperCom

Hedge funds have recently made changes to their positions in the company. UBS Group AG bought a new stake in SuperCom during the first quarter valued at $37,000. Virtu Financial LLC acquired a new stake in SuperCom in the fourth quarter worth about $44,000. Citadel Advisors LLC acquired a new stake in SuperCom during the 4th quarter worth about $63,000. Finally, Armistice Capital LLC raised its holdings in SuperCom by 81.7% during the 3rd quarter. Armistice Capital LLC now owns 661,000 shares of the industrial products company’s stock worth $277,000 after buying an additional 297,244 shares during the period. 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.