SuperCom (NASDAQ:SPCB) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

SuperCom Ltd. (NASDAQ:SPCB) passed 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.

Analysts Set New Price Targets

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

SuperCom Trading Up 11.3 %

The business’s 50-day simple moving average is $8.44 and its two-hundred day simple moving average is $4.87. The company has a current ratio of 5.10, a quick ratio of 4.66 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $31.29 million, a PE ratio of -48.54 and a beta of 0.20.

Hedge Funds Weigh In On SuperCom

A hedge fund recently bought a new stake in SuperCom stock. Renaissance Technologies LLC purchased a new position in SuperCom Ltd. (NASDAQ:SPCB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,300 shares of the industrial products company’s stock, valued at approximately $50,000. Renaissance Technologies LLC owned about 0.35% of SuperCom at the end of the most recent quarter. 47.81% of the stock is currently owned by hedge funds and other institutional investors.

About SuperCom

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.