Research analysts at HC Wainwright assumed coverage on shares of Supercom (NASDAQ:SPCB) in a research note issued on Monday, MarketBeat reports. The firm set a “buy” rating and a $6.00 price target on the industrial products company’s stock. HC Wainwright’s price target suggests a potential upside of 48.88% from the stock’s previous close.

The analysts wrote, “Credibility and Swell Valuation Parameters; Initiate at Buy Stock Data 12/01/2017 Price $4.10 Exchange NASDAQ Price Target $6.00 52-Week High $4.58 52-Week Low $2.01 Enterprise Value (M) $61.5 Market Cap (M) $61 Shares Outstanding (M) 15.1 3 Month Avg Volume 339,898 Short Interest (M) 0.49 Balance Sheet Metrics Cash (M) $1.2 Total Debt (M) $1.7 Total Cash/Share $0.08 General: H.C.W. estimates reflect non-GAAP figures. EPS Diluted Full Year – Dec 2016A 2017E 2018E 1Q (0.08) (0.07)A — 2Q (0.04) 0.02A — 3Q (0.17) 0.11A — 4Q (0.28) 0.07 — FY (0.56) 0.02 0.15 FY P/E NM NM 27.3x Revenue ($M) Full Year – Dec 2016A 2017E 2018E 1Q 5.9 8.3A — 2Q 5.0 7.5A — 3Q 5.1 9.6A — 4Q 4.0 9.5 — FY 20.0 35.0 39.0 5 4.5 4 3.5 3 2.5 2 DEC- 16 APR- 17 AUG- 17 NOV- 17 20 15 10 5 0 Vol. (mil) Price A growing, steady revenue stream is changing both the business and financial model while Wall Street stands idly by. We are initiating coverage of SuperCom Ltd.””

Shares of Supercom (NASDAQ SPCB) traded down $0.07 during mid-day trading on Monday, reaching $4.03. The company’s stock had a trading volume of 137,189 shares, compared to its average volume of 117,321. The company has a current ratio of 1.64, a quick ratio of 1.27 and a debt-to-equity ratio of 0.04. Supercom has a 52 week low of $2.01 and a 52 week high of $4.58.

An institutional investor recently raised its position in Supercom stock. Boston Partners boosted its holdings in shares of Supercom Ltd (NASDAQ:SPCB) by 7.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,193,886 shares of the industrial products company’s stock after purchasing an additional 84,998 shares during the quarter. Boston Partners owned approximately 7.99% of Supercom worth $4,178,000 at the end of the most recent reporting period. 20.98% of the stock is currently owned by hedge funds and other institutional investors.

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Supercom Company Profile

SuperCom Ltd is a provider of traditional and digital identity solutions, providing safety, identification, tracking and security products to governments, and private and public organizations throughout the world. Through its e-government platforms and solutions for traditional and biometrics enrollment, personalization, issuance and border control services, the Company enables governments and national agencies to design and issue multi-identification documents and digital identity solutions to their citizens and visitors.

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