Superconductor Technologies Inc. (SCON) Shares Up 1.2%
Shares of Superconductor Technologies Inc. (NASDAQ:SCON) shot up 1.2% on Wednesday . The stock traded as high as $2.55 and last traded at $2.44, with a volume of 133,610 shares traded. The stock had previously closed at $2.41.
Separately, Zacks Investment Research downgraded shares of Superconductor Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 14th.
The firm’s market cap is $6.76 million. The company’s 50 day moving average is $2.42 and its 200-day moving average is $2.96.
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Superconductor Technologies (NASDAQ:SCON) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($1.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by $0.69. Superconductor Technologies had a negative net margin of 4,808.72% and a negative return on equity of 109.86%. On average, analysts predict that Superconductor Technologies Inc. will post ($3.83) earnings per share for the current fiscal year.
An institutional investor recently raised its position in Superconductor Technologies stock. Kopp Investment Advisors LLC raised its stake in shares of Superconductor Technologies Inc. (NASDAQ:SCON) by 25.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,907,791 shares of the company’s stock after buying an additional 1,624,300 shares during the period. Superconductor Technologies accounts for about 0.8% of Kopp Investment Advisors LLC’s portfolio, making the stock its 25th largest position. Kopp Investment Advisors LLC owned 294.85% of Superconductor Technologies worth $1,494,000 at the end of the most recent quarter.
Superconductor Technologies Company Profile
Superconductor Technologies Inc is focused on developing and commercializing high temperature superconductor (HTS) materials and related technologies. The Company is engaged in research, development, manufacture and marketing of high performance products used in cellular base stations. The Company’s products include AmpLink and SuperPlex, which are sold to wireless network operators in the United States.
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