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

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

NASDAQ:SPCB opened at $0.33 on Wednesday. The business’s 50-day moving average price is $0.48 and its 200 day moving average price is $0.56. SuperCom has a 52-week low of $0.32 and a 52-week high of $1.57. The company has a quick ratio of 4.02, a current ratio of 4.66 and a debt-to-equity ratio of 6.93.

SuperCom (NASDAQ:SPCBGet Rating) last released its quarterly earnings results on Thursday, March 31st. The industrial products company reported ($0.01) earnings per share for the quarter. The company had revenue of $3.03 million during the quarter, compared to analyst estimates of $3.20 million. On average, equities analysts expect that SuperCom will post -0.11 EPS for the current fiscal year.

An institutional investor recently raised its position in SuperCom stock. Virtu Financial LLC lifted its stake in SuperCom Ltd. (NASDAQ:SPCBGet Rating) by 126.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 90,927 shares of the industrial products company’s stock after acquiring an additional 50,735 shares during the period. Virtu Financial LLC owned 0.25% of SuperCom worth $52,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 4.41% of the company’s stock.

SuperCom Company Profile (Get Rating)

SuperCom Ltd. provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide. It offers MAGNA, a common platform for national 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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