SuperCom Ltd. (NASDAQ:SPCB – Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.19 and traded as high as $0.21. SuperCom shares last traded at $0.18, with a volume of 1,594,562 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com started coverage on SuperCom in a report on Thursday. They set a “sell” rating on the stock.
Get Our Latest Research Report on SuperCom
SuperCom Price Performance
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in SuperCom during the 4th quarter worth about $44,000. Citadel Advisors LLC bought a new position in shares of SuperCom in the 4th quarter worth about $63,000. Armistice Capital LLC raised its position in shares of SuperCom by 263.1% in the 4th quarter. Armistice Capital LLC now owns 2,400,000 shares of the industrial products company’s stock worth $927,000 after acquiring an additional 1,739,000 shares in the last quarter. Finally, UBS Group AG bought a new position in shares of SuperCom in the 1st quarter worth about $37,000. 47.81% of the stock is owned by institutional investors and hedge funds.
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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