SuperCom (NASDAQ:SPCB) Stock Price Expected to Rise, Maxim Group Analyst Says

SuperCom (NASDAQ:SPCB) had its price objective lifted by equities researchers at Maxim Group from $12.00 to $18.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Maxim Group’s price target points to a potential upside of 25.06% from the company’s previous close.

Separately, StockNews.com lowered shares of SuperCom from a “hold” rating to a “sell” rating in a research note on Friday, December 13th.

SuperCom Trading Up 7.3 %

Shares of SPCB traded up $0.97 during midday trading on Tuesday, hitting $14.39. The stock had a trading volume of 536,436 shares, compared to its average volume of 4,527,826. SuperCom has a 1 year low of $2.55 and a 1 year high of $14.94. The company has a debt-to-equity ratio of 2.11, a current ratio of 5.10 and a quick ratio of 4.66. The stock’s 50 day moving average is $5.23 and its 200 day moving average is $3.27. The firm has a market cap of $30.66 million, a PE ratio of -66.13 and a beta of 0.07.

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.