SuperCom (NASDAQ:SPCB) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

SuperCom Ltd. (NASDAQ:SPCB) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.33 and traded as low as $5.38. SuperCom shares last traded at $5.66, with a volume of 136,368 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. StockNews.com lowered SuperCom from a “hold” rating to a “sell” rating in a report on Friday, December 13th. Maxim Group boosted their price objective on shares of SuperCom from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st.

SuperCom Stock Down 3.7 %

The company has a 50 day moving average of $8.40 and a 200-day moving average of $6.33. The company has a debt-to-equity ratio of 2.11, a current ratio of 5.10 and a quick ratio of 4.66. The company has a market cap of $16.58 million, a P/E ratio of -25.73 and a beta of 1.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SuperCom stock. Virtu Financial LLC purchased a new position in SuperCom Ltd. (NASDAQ:SPCB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,424 shares of the industrial products company’s stock, valued at approximately $50,000. Virtu Financial LLC owned approximately 0.36% of SuperCom at the end of the most recent reporting period. Institutional investors and hedge funds 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.