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

StockNews.com initiated coverage on shares of SuperCom (NASDAQ:SPCB) in a research report sent to investors on Friday. The firm issued a sell rating on the industrial products company’s stock.

SuperCom Stock Performance

Shares of NASDAQ SPCB opened at $0.19 on Friday. The firm has a 50 day moving average of $0.19 and a 200 day moving average of $0.20. The company has a current ratio of 5.27, a quick ratio of 4.81 and a debt-to-equity ratio of 7.05. The firm has a market capitalization of $2.53 million, a price-to-earnings ratio of -0.76 and a beta of 0.08. SuperCom has a 12-month low of $0.15 and a 12-month high of $1.19.

SuperCom (NASDAQ:SPCB) last issued its quarterly earnings results on Wednesday, May 15th. The industrial products company reported $0.07 earnings per share for the quarter. SuperCom had a negative net margin of 6.33% and a positive return on equity of 99.92%. The business had revenue of $6.85 million for the quarter.

Hedge Funds Weigh In On SuperCom

An institutional investor recently raised its position in SuperCom stock. Armistice Capital LLC raised its position in shares of SuperCom Ltd. (NASDAQ:SPCB) by 263.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 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.

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.