StockNews.com Begins Coverage on SuperCom (NASDAQ:SPCB)

StockNews.com began coverage on shares of SuperCom (NASDAQ:SPCB) in a research note released on Tuesday morning. The firm issued a sell rating on the industrial products company’s stock.

SuperCom Stock Performance

Shares of NASDAQ SPCB opened at $0.20 on Tuesday. The stock has a 50 day moving average of $0.21 and a 200-day moving average of $0.28. SuperCom has a 12 month low of $0.15 and a 12 month high of $1.27. The company has a market capitalization of $2.68 million, a P/E ratio of -0.39 and a beta of 0.14. The company has a current ratio of 5.27, a quick ratio of 4.81 and a debt-to-equity ratio of 7.05.

Institutional Trading of SuperCom

A hedge fund recently raised its stake in SuperCom stock. Armistice Capital LLC grew its position in SuperCom Ltd. (NASDAQ:SPCB) by 263.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,400,000 shares of the industrial products company’s stock after purchasing an additional 1,739,000 shares during the quarter. Armistice Capital LLC owned about 39.93% of SuperCom worth $927,000 as of its most recent SEC filing. Institutional investors and hedge funds own 47.81% 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.