SuperCom (NASDAQ:SPCB) Share Price Crosses Below 200-Day Moving Average of $2.36

SuperCom Ltd. (NASDAQ:SPCB – Get Rating)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.36 and traded as low as $1.42. SuperCom shares last traded at $1.50, with a volume of 71,755 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on SuperCom in a research note on Saturday. They set a “sell” rating on the stock.

SuperCom Stock Down 0.7 %

The company has a debt-to-equity ratio of 10.75, a quick ratio of 4.71 and a current ratio of 5.42. The firm has a fifty day moving average price of $2.04 and a 200 day moving average price of $2.36. The firm has a market capitalization of $5.37 million, a price-to-earnings ratio of -0.30 and a beta of 0.50.

Institutional Investors Weigh In On SuperCom

An institutional investor recently raised its position in SuperCom stock. Virtu Financial LLC increased its holdings in SuperCom Ltd. (NASDAQ:SPCB – Get Rating) by 126.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 90,927 shares of the industrial products company’s stock after acquiring an additional 50,735 shares during the quarter. Virtu Financial LLC owned approximately 0.25% of SuperCom worth $52,000 as of its most recent filing with the SEC. 22.12% of the stock is currently owned by hedge funds and other institutional investors.

About SuperCom

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SuperCom Ltd. engages in the provision of traditional and digital identity solutions. It offers identification, tracking, and security products to government, private and public organization. It operates through the following divisions: e-Gov, IoT and Connectivity (IoT), and Cyber Security. The e-Gov division provides solutions for traditional and biometrics enrollment, personalization, issuance and border control services.