Superconductor Technologies Inc. (NASDAQ:SCON) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Superconductor Technologies Inc. manufactures and markets high-performance filters to service providers and original equipment manufacturers in the mobile wireless telecommunications industry. The company’s product, the SuperFilter, combines high-temperature superconductors with cryogenic cooling technology to produce a filter with significant advantages over conventional filters. The company was engaged primarily in research and development and generated revenues primarily from government research contracts. “

Superconductor Technologies (NASDAQ:SCON) opened at 2.59 on Tuesday. The stock’s 50 day moving average price is $2.47 and its 200 day moving average price is $2.84. Superconductor Technologies has a one year low of $2.12 and a one year high of $4.80. The company’s market capitalization is $7.12 million.

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Superconductor Technologies (NASDAQ:SCON) last announced 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%. Equities analysts anticipate that Superconductor Technologies will post ($3.83) EPS for the current fiscal year.

A hedge fund recently raised its stake 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 13F filing with the Securities and Exchange Commission. The fund owned 7,907,791 shares of the company’s stock after buying an additional 1,624,300 shares during the period. Superconductor Technologies makes up 0.8% of Kopp Investment Advisors LLC’s holdings, making the stock its 25th largest position. Kopp Investment Advisors LLC owned about 294.85% of Superconductor Technologies worth $1,494,000 as of its most recent filing with the SEC.

About Superconductor Technologies

Superconductor Technologies Inc is engaged in developing and commercializing high temperature superconductor (HTS) materials and related technologies. The Company operates through the research, development, manufacture and marketing of high performance products used in cellular base stations segment.

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