SuperCom (NASDAQ:SPCB) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of SuperCom (NASDAQ:SPCB) in a research note published on Sunday morning. The brokerage issued a sell rating on the industrial products company’s stock.

SuperCom Stock Performance

NASDAQ SPCB opened at $0.22 on Friday. The firm has a market cap of $1.34 million, a price-to-earnings ratio of -0.44 and a beta of 0.27. The company has a quick ratio of 7.53, a current ratio of 8.31 and a debt-to-equity ratio of 5.46. The business has a 50-day moving average price of $0.20 and a 200-day moving average price of $0.30. SuperCom has a twelve month low of $0.15 and a twelve month high of $1.36.

Hedge Funds Weigh In On SuperCom

An institutional investor recently raised its position in SuperCom stock. Armistice Capital LLC increased its position in SuperCom Ltd. (NASDAQ:SPCB) by 81.7% during the third 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 buying an additional 297,244 shares during the period. Armistice Capital LLC owned 11.00% of SuperCom worth $277,000 at the end of the most recent quarter. 47.81% 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.