SuperCom (NASDAQ:SPCB) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of SuperCom (NASDAQ:SPCB) in a research note issued to investors on Saturday. The brokerage issued a sell rating on the industrial products company’s stock.

SuperCom Price Performance

SPCB stock opened at $0.37 on Friday. The company has a debt-to-equity ratio of 5.46, a current ratio of 8.31 and a quick ratio of 7.53. The firm has a market capitalization of $2.24 million, a P/E ratio of -0.73 and a beta of 0.27. The business’s 50-day moving average is $0.19 and its two-hundred day moving average is $0.31. SuperCom has a 1 year low of $0.15 and a 1 year high of $1.54.

Institutional Investors Weigh In On SuperCom

A number of hedge funds have recently bought and sold shares of SPCB. Armistice Capital LLC raised its position in SuperCom by 263.1% in the 4th quarter. Armistice Capital LLC now owns 2,400,000 shares of the industrial products company’s stock valued at $927,000 after purchasing an additional 1,739,000 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of SuperCom during the 4th quarter worth about $63,000. Virtu Financial LLC acquired a new stake in shares of SuperCom during the 4th quarter worth about $44,000. Finally, UBS Group AG acquired a new stake in shares of SuperCom during the 1st quarter worth about $37,000. Institutional investors and hedge funds 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.