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

StockNews.com started coverage on shares of SuperCom (NASDAQ:SPCBGet Rating) in a report released on Thursday. The brokerage set a “sell” rating on the industrial products company’s stock.

Shares of NASDAQ:SPCB opened at $0.34 on Thursday. The company has a current ratio of 4.66, a quick ratio of 4.02 and a debt-to-equity ratio of 6.93. SuperCom has a one year low of $0.30 and a one year high of $1.57. The business’s 50-day simple moving average is $0.47 and its 200 day simple moving average is $0.55.

SuperCom (NASDAQ:SPCBGet Rating) last issued its quarterly earnings data on Thursday, March 31st. The industrial products company reported ($0.01) earnings per share for the quarter. The business had revenue of $3.03 million during the quarter, compared to analysts’ expectations of $3.20 million. On average, analysts expect that SuperCom will post -0.11 earnings per share for the current year.

A hedge fund recently bought a new stake in SuperCom stock. UBS Group AG acquired a new stake in shares of SuperCom Ltd. (NASDAQ:SPCBGet Rating) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 63,593 shares of the industrial products company’s stock, valued at approximately $37,000. UBS Group AG owned approximately 0.18% of SuperCom as of its most recent SEC filing. 4.41% of the stock is currently owned by institutional investors and hedge funds.

SuperCom Company Profile (Get Rating)

SuperCom Ltd. provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide. It offers MAGNA, a common 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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