Superconductor Technologies Inc. (NASDAQ:SCON) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price objective of $3.00 for the company and are anticipating that the company will post ($0.27) earnings per share for the current quarter, according to Zacks. Zacks has also given Superconductor Technologies an industry rank of 95 out of 265 based on the ratings given to related companies.

A number of research firms have issued reports on SCON. Zacks Investment Research raised shares of Superconductor Technologies from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a report on Wednesday, June 14th. HC Wainwright raised shares of Superconductor Technologies from a “neutral” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Thursday, April 6th. Finally, Rodman & Renshaw raised shares of Superconductor Technologies from a “neutral” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Thursday, April 6th.

Superconductor Technologies (NASDAQ:SCON) traded up 1.76% during midday trading on Wednesday, hitting $1.73. 90,734 shares of the company traded hands. The stock’s 50-day moving average price is $1.76 and its 200 day moving average price is $1.46. The company’s market capitalization is $18.55 million. Superconductor Technologies has a 12-month low of $1.04 and a 12-month high of $4.50.

Superconductor Technologies (NASDAQ:SCON) last posted its quarterly earnings data on Thursday, May 11th. The semiconductor company reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.01. Superconductor Technologies had a negative net margin of 25,848.84% and a negative return on equity of 108.51%. On average, equities analysts forecast that Superconductor Technologies will post ($0.78) EPS for the current year.

An institutional investor recently bought a new position in Superconductor Technologies stock. Hudson Bay Capital Management LP purchased a new position in Superconductor Technologies Inc. (NASDAQ:SCON) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 88,326 shares of the semiconductor company’s stock, valued at approximately $109,000. Hudson Bay Capital Management LP owned about 2.72% of Superconductor Technologies as of its most recent SEC filing. Hedge funds and other institutional investors own 1.61% of the company’s stock.

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Superconductor Technologies Company Profile

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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