Supercom (SPCB) Sets New 52-Week High and Low at $1.84

Shares of Supercom (NASDAQ:SPCB) reached a new 52-week high and low on Wednesday . The company traded as low as $1.84 and last traded at $1.92, with a volume of 980 shares. The stock had previously closed at $1.92.

A number of analysts recently weighed in on SPCB shares. ValuEngine raised shares of Supercom from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. HC Wainwright set a $5.00 price target on shares of Supercom and gave the company a “buy” rating in a research report on Tuesday.

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.64 and a quick ratio of 1.27.

Several hedge funds have recently added to or reduced their stakes in SPCB. Essex Investment Management Co. LLC purchased a new stake in shares of Supercom during the fourth quarter valued at about $409,000. Spark Investment Management LLC purchased a new stake in shares of Supercom during the fourth quarter valued at about $122,000. Heartland Advisors Inc. lifted its position in shares of Supercom by 11.9% during the first quarter. Heartland Advisors Inc. now owns 1,335,652 shares of the industrial products company’s stock valued at $3,646,000 after buying an additional 142,500 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Supercom during the first quarter valued at about $493,000. 23.53% of the stock is owned by institutional investors and hedge funds.

Supercom Company Profile

SuperCom Ltd. provides identity, machine-to-machine, cyber security device, payment, and connectivity 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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