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

Stock analysts at StockNews.com began coverage on shares of SuperCom (NASDAQ:SPCB) in a research report issued on Sunday. The firm set a “sell” rating on the industrial products company’s stock.

SuperCom Stock Performance

SuperCom stock opened at $0.22 on Friday. SuperCom has a twelve month low of $0.15 and a twelve month high of $1.54. The company has a quick ratio of 7.53, a current ratio of 8.31 and a debt-to-equity ratio of 5.46. The company’s 50-day moving average price is $0.20 and its 200-day moving average price is $0.31. The company has a market cap of $1.32 million, a PE ratio of -0.43 and a beta of 0.27.

Hedge Funds Weigh In On SuperCom

A number of large investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of SuperCom during the 4th quarter worth about $44,000. Citadel Advisors LLC purchased a new position in shares of SuperCom during the 4th quarter worth about $63,000. Armistice Capital LLC boosted its stake in shares of SuperCom by 263.1% during the 4th quarter. Armistice Capital LLC now owns 2,400,000 shares of the industrial products company’s stock worth $927,000 after purchasing an additional 1,739,000 shares during the period. Finally, UBS Group AG purchased a new position in shares of SuperCom during the 1st quarter worth about $37,000. 47.81% of the stock is owned by hedge funds and other 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.