SuperCom (NASDAQ:SPCB) Stock Rating Upgraded by HC Wainwright

SuperCom (NASDAQ:SPCB) was upgraded by research analysts at HC Wainwright from a “neutral” rating to a “buy” rating in a report released on Monday, Analyst Price Targets reports. The brokerage currently has a $2.00 price objective on the industrial products company’s stock. HC Wainwright’s price objective suggests a potential upside of 43.88% from the company’s previous close.

Shares of NASDAQ SPCB opened at $1.39 on Monday. SuperCom has a 12 month low of $0.71 and a 12 month high of $3.09. The stock has a 50 day moving average of $1.56 and a 200-day moving average of $1.29.

An institutional investor recently bought a new position in SuperCom stock. Virtu Financial LLC purchased a new stake in SuperCom Ltd. (NASDAQ:SPCB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 146,771 shares of the industrial products company’s stock, valued at approximately $151,000. Virtu Financial LLC owned 0.78% of SuperCom at the end of the most recent reporting period. 13.96% of the stock is owned by hedge funds and other institutional investors.

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 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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