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

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

SuperCom Stock Performance

SPCB opened at $0.21 on Tuesday. The company has a market cap of $2.74 million, a price-to-earnings ratio of -0.40 and a beta of 0.14. The firm’s fifty day simple moving average is $0.21 and its two-hundred day simple moving average is $0.29. 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 52-week low of $0.15 and a 52-week high of $1.27.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SuperCom stock. Armistice Capital LLC grew its holdings in SuperCom Ltd. (NASDAQ:SPCB) by 263.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 39.93% of SuperCom worth $927,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors 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.