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

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

SuperCom Stock Down 17.2 %

Shares of NASDAQ SPCB opened at $0.24 on Friday. The stock has a market cap of $1.44 million, a P/E ratio of -0.47 and a beta of 0.27. The company has a current ratio of 8.31, a quick ratio of 7.53 and a debt-to-equity ratio of 5.46. SuperCom has a 12-month low of $0.15 and a 12-month high of $1.38. The business’s fifty day simple moving average is $0.20 and its 200-day simple moving average is $0.30.

Institutional Trading of SuperCom

A hedge fund recently raised its stake in SuperCom stock. Armistice Capital LLC raised its holdings in SuperCom Ltd. (NASDAQ:SPCB) by 263.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,400,000 shares of the industrial products company’s stock after buying 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 SEC filing. 47.81% of the stock is owned by institutional investors.

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.