SuperCom (NASDAQ:SPCB) Now Covered by StockNews.com

Equities research analysts at StockNews.com started coverage on shares of SuperCom (NASDAQ:SPCB) in a report issued on Monday. The brokerage set a “sell” rating on the industrial products company’s stock.

SuperCom Stock Down 4.8 %

NASDAQ SPCB opened at $0.24 on Monday. The stock’s 50-day moving average price is $0.20 and its 200-day moving average price is $0.30. 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 52 week low of $0.15 and a 52 week high of $1.28. The company has a market capitalization of $1.44 million, a P/E ratio of -0.47 and a beta of 0.27.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SuperCom stock. Armistice Capital LLC increased its holdings in shares of SuperCom Ltd. (NASDAQ:SPCB) by 81.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 661,000 shares of the industrial products company’s stock after purchasing an additional 297,244 shares during the quarter. Armistice Capital LLC owned approximately 11.00% of SuperCom worth $277,000 at the end of the most recent reporting period. Institutional investors own 47.81% of the company’s stock.

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.