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

SuperCom Ltd. (NASDAQ:SPCB)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $8.44 and traded as high as $10.90. SuperCom shares last traded at $10.68, with a volume of 229,208 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SPCB shares. StockNews.com lowered shares of 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 report on Tuesday, January 21st.

SuperCom Stock Performance

The firm has a market cap of $31.15 million, a PE ratio of -48.32 and a beta of 0.20. The stock has a 50-day moving average price of $8.76 and a 200 day moving average price of $4.99. 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 stake in SuperCom stock. Renaissance Technologies LLC bought a new position in SuperCom Ltd. (NASDAQ:SPCB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,300 shares of the industrial products company’s stock, valued at approximately $50,000. Renaissance Technologies LLC owned about 0.35% of SuperCom as of its most recent filing with the Securities and Exchange Commission (SEC). 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.