HC Wainwright Analysts Give Supercom (SPCB) a $5.00 Price Target

HC Wainwright set a $5.00 price objective on Supercom (NASDAQ:SPCB) in a research note released on Tuesday morning. The firm currently has a buy rating on the industrial products company’s stock.

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.

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