Superconductor Technologies (SCON) Upgraded by Zacks Investment Research to Buy
Superconductor Technologies (NASDAQ:SCON) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The brokerage currently has a $1.25 price objective on the semiconductor company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 5.93% from the company’s current price.
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. “
SCON has been the topic of several other research reports. ValuEngine lowered Superconductor Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. HC Wainwright restated a “buy” rating and set a $3.00 price target on shares of Superconductor Technologies in a research note on Friday, November 10th.
Superconductor Technologies (NASDAQ:SCON) last released its earnings results on Thursday, November 9th. The semiconductor company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. Superconductor Technologies had a negative return on equity of 97.45% and a negative net margin of 6,897.30%. The business had revenue of $0.13 million for the quarter, compared to analyst estimates of $0.10 million. analysts expect that Superconductor Technologies will post -0.84 earnings per share for the current fiscal year.
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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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