Separately, ValuEngine lowered shares of Supercom from a buy rating to a hold rating in a research note on Wednesday, May 2nd.
Shares of NASDAQ:SPCB opened at $1.92 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. Supercom has a 12-month low of $1.92 and a 12-month high of $1.94.
A number of institutional investors have recently added to or reduced their stakes in the business. Spark Investment Management LLC acquired a new position in Supercom in the fourth quarter worth $122,000. Essex Investment Management Co. LLC acquired a new position in Supercom in the fourth quarter worth $409,000. Heartland Advisors Inc. boosted its holdings in Supercom by 11.9% in the first quarter. Heartland Advisors Inc. now owns 1,335,652 shares of the industrial products company’s stock worth $3,646,000 after purchasing an additional 142,500 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in Supercom in the first quarter worth $493,000. 23.53% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Supercom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Supercom and related companies with MarketBeat.com's FREE daily email newsletter.