Zacks Investment Research Upgrades Superconductor Technologies Inc. (SCON) to Hold
Superconductor Technologies Inc. (NASDAQ:SCON) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
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. “
Separately, HC Wainwright set a $3.00 price target on Superconductor Technologies and gave the company a “buy” rating in a report on Friday, August 11th.
Superconductor Technologies (NASDAQ:SCON) opened at 1.27 on Thursday. The stock’s 50 day moving average price is $1.07 and its 200 day moving average price is $1.47. Superconductor Technologies has a one year low of $0.88 and a one year high of $4.50. The stock’s market cap is $13.61 million.
Superconductor Technologies (NASDAQ:SCON) last released its quarterly earnings results on Thursday, August 10th. The semiconductor company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.03. The business had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $0.18 million. Superconductor Technologies had a negative return on equity of 99.84% and a negative net margin of 26,445.00%. Equities analysts predict that Superconductor Technologies will post ($0.92) earnings per share for the current fiscal year.
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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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