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

StockNews.com began coverage on shares of SuperCom (NASDAQ:SPCB) in a research note issued to investors on Thursday. The brokerage set a “sell” rating on the industrial products company’s stock.

SuperCom Price Performance

NASDAQ SPCB opened at $0.20 on Thursday. The company has a quick ratio of 4.81, a current ratio of 5.27 and a debt-to-equity ratio of 7.05. The company has a market cap of $2.62 million, a PE ratio of 0.24 and a beta of 0.14. SuperCom has a 52 week low of $0.15 and a 52 week high of $1.27. The firm’s 50-day simple moving average is $0.22 and its two-hundred day simple moving average is $0.27.

Institutional Investors Weigh In On SuperCom

An institutional investor recently raised its position in SuperCom stock. Armistice Capital LLC increased its stake in shares of SuperCom Ltd. (NASDAQ:SPCB) by 81.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 661,000 shares of the industrial products company’s stock after purchasing an additional 297,244 shares during the period. Armistice Capital LLC owned 11.00% of SuperCom worth $277,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.