SuperCom Ltd. (NASDAQ:SPCB – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.45 and traded as low as $0.17. SuperCom shares last traded at $0.18, with a volume of 1,316,122 shares traded.
Analyst Ratings Changes
Separately, StockNews.com started coverage on SuperCom in a research note on Friday. They set a “sell” rating for the company.
SuperCom Stock Down 3.8 %
SuperCom (NASDAQ:SPCB – Get Free Report) last announced its quarterly earnings results on Tuesday, November 14th. The industrial products company reported $0.24 EPS for the quarter. SuperCom had a positive return on equity of 91.58% and a negative net margin of 9.79%. The company had revenue of $6.78 million during the quarter.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Armistice Capital LLC lifted its stake in shares of SuperCom by 81.7% in the 3rd quarter. Armistice Capital LLC now owns 661,000 shares of the industrial products company’s stock valued at $277,000 after acquiring an additional 297,244 shares during the last quarter. Virtu Financial LLC raised its position in SuperCom by 126.2% during the 1st quarter. Virtu Financial LLC now owns 90,927 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 50,735 shares during the last quarter. Finally, UBS Group AG bought a new position in SuperCom during the 1st quarter worth $37,000. 10.97% of the stock is currently owned by institutional investors.
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.
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