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

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

SuperCom Stock Performance

Shares of NASDAQ SPCB remained flat at $0.21 during midday trading on Friday. 2,653,500 shares of the stock traded hands, compared to its average volume of 2,809,150. SuperCom has a 1-year low of $0.15 and a 1-year high of $1.13. The business has a fifty day simple moving average of $0.19 and a two-hundred day simple moving average of $0.20. 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 firm has a market cap of $2.80 million, a price-to-earnings ratio of -0.84 and a beta of 0.08.

SuperCom (NASDAQ:SPCB) last posted its quarterly earnings results on Wednesday, May 15th. The industrial products company reported $0.07 EPS for the quarter. SuperCom had a negative net margin of 6.33% and a positive return on equity of 99.92%. The business had revenue of $6.85 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SuperCom stock. Armistice Capital LLC lifted its stake in SuperCom Ltd. (NASDAQ:SPCB) by 263.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,400,000 shares of the industrial products company’s stock after acquiring an additional 1,739,000 shares during the period. Armistice Capital LLC owned 39.93% of SuperCom worth $927,000 as of its most recent filing with the Securities and Exchange Commission. 47.81% of the stock is owned by institutional investors.

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.