SuperCom (NASDAQ:SPCB) Coverage Initiated at StockNews.com

Research analysts at StockNews.com started coverage on shares of SuperCom (NASDAQ:SPCB) in a research note issued to investors on Monday. The brokerage set a “sell” rating on the industrial products company’s stock.

SuperCom Trading Down 6.4 %

SuperCom stock opened at $0.17 on Monday. The company has a debt-to-equity ratio of 7.05, a current ratio of 5.27 and a quick ratio of 4.81. The firm’s 50 day moving average price is $0.19 and its 200-day moving average price is $0.20. SuperCom has a 1 year low of $0.15 and a 1 year high of $1.13. The stock has a market cap of $2.26 million, a P/E ratio of -0.68 and a beta of 0.08.

Hedge Funds Weigh In On SuperCom

An institutional investor recently raised its position in SuperCom stock. Armistice Capital LLC raised its position in shares of SuperCom Ltd. (NASDAQ:SPCB) by 263.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 39.93% of SuperCom worth $927,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 47.81% of the stock is 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.