Initiates Coverage on SuperCom (NASDAQ:SPCB) assumed coverage on shares of SuperCom (NASDAQ:SPCBFree Report) in a research note published on Friday. The brokerage issued a sell rating on the industrial products company’s stock.

SuperCom Trading Up 22.4 %

Shares of SPCB stock opened at $0.22 on Friday. The company has a market cap of $1.35 million, a P/E ratio of -0.44 and a beta of 0.32. The stock has a 50 day simple moving average of $0.31 and a two-hundred day simple moving average of $0.44. The company has a debt-to-equity ratio of 5.46, a quick ratio of 7.53 and a current ratio of 8.31. SuperCom has a fifty-two week low of $0.16 and a fifty-two week high of $2.22.

SuperCom (NASDAQ:SPCBGet Free Report) last released its quarterly earnings data on Tuesday, November 14th. The industrial products company reported $0.24 EPS for the quarter. The firm had revenue of $6.78 million during the quarter. SuperCom had a positive return on equity of 91.58% and a negative net margin of 9.79%.

Institutional Investors Weigh In On SuperCom

Several institutional investors have recently bought and sold shares of SPCB. UBS Group AG purchased a new position in SuperCom in the first quarter worth $37,000. Virtu Financial LLC lifted its holdings 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 in the last quarter. Finally, Armistice Capital LLC purchased a new stake in SuperCom during the 1st quarter worth about $673,000. Institutional investors own 10.97% of the company’s stock.

About SuperCom

(Get Free Report)

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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