SuperCom (NASDAQ:SPCB) Stock Price Passes Below Two Hundred Day Moving Average of $1.17

SuperCom Ltd. (NASDAQ:SPCB) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.17 and traded as low as $0.45. SuperCom shares last traded at $0.51, with a volume of 865,103 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com started coverage on SuperCom in a research report on Saturday. They set a “sell” rating on the stock.

SuperCom Trading Up 7.1 %

The company has a market cap of $3.07 million, a P/E ratio of -0.55 and a beta of 0.49. The business’s 50-day moving average price is $0.80 and its 200 day moving average price is $1.17. The company has a debt-to-equity ratio of 7.58, a quick ratio of 5.88 and a current ratio of 6.78.

SuperCom (NASDAQ:SPCB) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.31. SuperCom had a positive return on equity of 36.04% and a negative net margin of 18.80%. The firm had revenue of $7.75 million for the quarter.

Institutional Investors Weigh In On SuperCom

A number of large investors have recently added to or reduced their stakes in the business. Armistice Capital LLC acquired a new position in shares of SuperCom in the first quarter valued at $673,000. Virtu Financial LLC boosted its holdings in shares of 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 buying an additional 50,735 shares during the period. Finally, UBS Group AG bought a new stake in shares of SuperCom during the 1st quarter worth about $37,000. Institutional investors own 10.97% of the company’s stock.

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.