Superconductor Technologies (NASDAQ:SCON) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released 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. “
Several other research firms also recently issued reports on SCON. HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of Superconductor Technologies in a research report on Friday, November 10th. ValuEngine downgraded shares of Superconductor Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday.
Superconductor Technologies (NASDAQ:SCON) last released its quarterly earnings data on Thursday, November 9th. The semiconductor company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.02. The company had revenue of $0.13 million during the quarter, compared to analyst estimates of $0.10 million. Superconductor Technologies had a negative net margin of 6,897.30% and a negative return on equity of 97.45%. analysts forecast that Superconductor Technologies will post -0.84 EPS for the current fiscal year.
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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