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

StockNews.com started coverage on shares of SuperCom (NASDAQ:SPCB) in a research report report published on Tuesday morning. The firm issued a hold rating on the industrial products company’s stock.

SuperCom Price Performance

SPCB stock opened at $2.93 on Tuesday. The firm has a 50 day moving average of $0.56 and a 200-day moving average of $0.33. The company has a current ratio of 5.27, a quick ratio of 4.81 and a debt-to-equity ratio of 7.05. SuperCom has a 12 month low of $2.90 and a 12 month high of $22.60. The firm has a market capitalization of $38.94 million, a P/E ratio of -11.72 and a beta of 0.08.

Institutional Investors Weigh In On SuperCom

An institutional investor recently raised its position in SuperCom stock. Armistice Capital LLC boosted its stake in SuperCom Ltd. (NASDAQ:SPCB) by 263.1% during the fourth quarter, according to its most recent Form 13F filing 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 about 39.93% of SuperCom worth $927,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 47.81% of the stock is owned by 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.