StockNews.com Begins Coverage on SuperCom (NASDAQ:SPCB)

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

SuperCom Trading Up 0.9 %

NASDAQ SPCB opened at $0.17 on Friday. The stock’s 50-day simple moving average is $0.19 and its two-hundred day simple moving average is $0.20. SuperCom has a twelve month low of $0.15 and a twelve month high of $1.19. 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 capitalization of $2.32 million, a price-to-earnings ratio of -0.70 and a beta of 0.08.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in SuperCom stock. Armistice Capital LLC increased its holdings in SuperCom Ltd. (NASDAQ:SPCB) by 263.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 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 currently 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.