SuperCom (SPCB) Given a $5.00 Price Target by HC Wainwright Analysts

HC Wainwright set a $5.00 price target on SuperCom (NASDAQ:SPCB) in a research note published on Friday morning, TipRanks reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Other research analysts have also issued reports about the stock. ValuEngine raised shares of SuperCom from a sell rating to a hold rating in a research note on Wednesday, January 2nd. Zacks Investment Research raised shares of SuperCom from a sell rating to a hold rating in a research note on Tuesday, February 12th.

NASDAQ:SPCB opened at $1.46 on Friday. The firm has a market capitalization of $21.84 million, a PE ratio of -10.43 and a beta of 0.84. SuperCom has a 52 week low of $1.22 and a 52 week high of $2.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.07 and a current ratio of 2.44.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ibex Investors LLC bought a new position in SuperCom during the fourth quarter worth $2,745,000. Quantum Capital Management boosted its stake in SuperCom by 74.4% during the fourth quarter. Quantum Capital Management now owns 72,812 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 31,053 shares in the last quarter. Lehman & Derafelo Financial Resources LLC bought a new position in SuperCom during the fourth quarter worth $87,000. Virtu Financial LLC bought a new position in SuperCom during the fourth quarter worth $31,000. Finally, Ridgewood Investments LLC boosted its stake in SuperCom by 54.4% during the first quarter. Ridgewood Investments LLC now owns 20,020 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 7,050 shares in the last quarter. 17.73% of the stock is currently owned by institutional investors and hedge funds.

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 offers MAGNA, a common platform for ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management.

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