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

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

SuperCom Price Performance

SPCB stock opened at $0.19 on Tuesday. The business has a 50 day simple moving average of $0.20 and a 200-day simple moving average of $0.23. The company has a market capitalization of $2.59 million, a P/E ratio of -0.78 and a beta of 0.08. SuperCom has a twelve month low of $0.15 and a twelve month high of $1.19. The company has a current ratio of 5.27, a quick ratio of 4.81 and a debt-to-equity ratio of 7.05.

SuperCom (NASDAQ:SPCB) last issued its quarterly earnings results on Monday, April 22nd. The industrial products company reported $0.26 earnings per share for the quarter. The firm had revenue of $5.67 million during the quarter. SuperCom had a negative net margin of 6.33% and a positive return on equity of 99.92%.

Hedge Funds Weigh In On SuperCom

An institutional investor recently raised its position in SuperCom stock. Armistice Capital LLC grew its stake in SuperCom Ltd. (NASDAQ:SPCB) by 263.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,400,000 shares of the industrial products company’s stock after purchasing an additional 1,739,000 shares during the period. Armistice Capital LLC owned approximately 39.93% of SuperCom worth $927,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 47.81% of the company’s stock.

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.