SuperCom (NASDAQ:SPCB) Given New $18.00 Price Target at Maxim Group

SuperCom (NASDAQ:SPCB) had its price objective lifted by stock analysts at Maxim Group from $12.00 to $18.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Maxim Group’s price target indicates a potential upside of 25.06% from the stock’s previous close.

Separately, StockNews.com cut SuperCom from a “hold” rating to a “sell” rating in a report on Friday, December 13th.

SuperCom Stock Performance

Shares of NASDAQ SPCB traded up $0.97 during midday trading on Tuesday, hitting $14.39. 536,436 shares of the company’s stock traded hands, compared to its average volume of 4,527,826. The company has a debt-to-equity ratio of 2.11, a quick ratio of 4.66 and a current ratio of 5.10. SuperCom has a 1 year low of $2.55 and a 1 year high of $14.94. The stock has a market capitalization of $30.66 million, a price-to-earnings ratio of -66.13 and a beta of 0.07. The firm has a fifty day moving average of $5.23 and a 200 day moving average of $3.27.

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.