SuperCom (NASDAQ:SPCB) Shares Pass Below 200 Day Moving Average of $0.27

SuperCom Ltd. (NASDAQ:SPCB) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.27 and traded as low as $0.19. SuperCom shares last traded at $0.19, with a volume of 3,086,547 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on SuperCom in a research note on Thursday. They issued a “sell” rating for the company.

SuperCom Stock Down 6.6 %

The company has a debt-to-equity ratio of 7.05, a quick ratio of 4.81 and a current ratio of 5.27. The company’s fifty day moving average price is $0.22 and its 200-day moving average price is $0.27. The stock has a market cap of $2.53 million, a P/E ratio of 0.28 and a beta of 0.14.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SuperCom stock. Armistice Capital LLC raised its position in SuperCom Ltd. (NASDAQ:SPCB) by 81.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 661,000 shares of the industrial products company’s stock after buying an additional 297,244 shares during the period. Armistice Capital LLC owned about 11.00% of SuperCom worth $277,000 at the end of the most recent quarter. Institutional investors own 47.81% of the company’s stock.

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.