SuperCom (NASDAQ:SPCB) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

SuperCom Ltd. (NASDAQ:SPCB)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.20 and traded as high as $9.77. SuperCom shares last traded at $8.51, with a volume of 391,541 shares traded.

Wall Street Analyst Weigh In

Several brokerages have commented on SPCB. Maxim Group lifted their target price on SuperCom from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. StockNews.com lowered SuperCom from a “hold” rating to a “sell” rating in a research note on Friday, December 13th.

SuperCom Stock Performance

The company’s 50-day moving average price is $9.20 and its two-hundred day moving average price is $5.24. The company has a market capitalization of $24.93 million, a price-to-earnings ratio of -38.68 and a beta of 0.19. The company has a debt-to-equity ratio of 2.11, a current ratio of 5.10 and a quick ratio of 4.66.

Institutional Trading of SuperCom

An institutional investor recently bought a new position in SuperCom stock. Virtu Financial LLC bought a new stake in shares of SuperCom Ltd. (NASDAQ:SPCB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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. 47.81% of the stock is 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 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.