SuperCom (NASDAQ:SPCB) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of SuperCom (NASDAQ:SPCB) in a research report report published on Thursday. The brokerage issued a sell rating on the industrial products company’s stock.

SuperCom Stock Up 5.7 %

Shares of NASDAQ:SPCB opened at $0.18 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. SuperCom has a fifty-two week low of $0.15 and a fifty-two week high of $1.19. The firm’s 50 day moving average price is $0.19 and its 200 day moving average price is $0.21. The stock has a market cap of $2.42 million, a price-to-earnings ratio of -0.73 and a beta of 0.08.

SuperCom (NASDAQ:SPCB) last announced its earnings results on Monday, April 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $5.67 million for 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 boosted its position in SuperCom Ltd. (NASDAQ:SPCB) by 263.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,400,000 shares of the industrial products company’s stock after buying an additional 1,739,000 shares during the period. Armistice Capital LLC owned approximately 39.93% of SuperCom worth $927,000 as of its most recent SEC filing. 47.81% of the stock is currently owned by hedge funds and other institutional investors.

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.