Zacks: Superconductor Technologies, Inc. (SCON) Given Average Recommendation of “Strong Buy” by Brokerages

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

Analysts have set a 1-year consensus target price of $3.00 for the company and are predicting that the company will post ($0.11) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Superconductor Technologies an industry rank of 180 out of 265 based on the ratings given to related companies.

A number of equities analysts recently issued reports on the stock. ValuEngine downgraded shares of Superconductor Technologies from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of Superconductor Technologies from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Finally, HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of Superconductor Technologies in a report on Friday, November 10th.

Superconductor Technologies (SCON) opened at $1.13 on Thursday. The stock has a market cap of $12.37, a P/E ratio of -0.84 and a beta of 1.11. Superconductor Technologies has a 1-year low of $0.88 and a 1-year high of $2.47.

Superconductor Technologies (NASDAQ:SCON) last posted its quarterly earnings data on Thursday, November 9th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. The company had revenue of $0.13 million for the quarter, compared to the consensus estimate 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 anticipate that Superconductor Technologies will post -0.84 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Zacks: Superconductor Technologies, Inc. (SCON) Given Average Recommendation of “Strong Buy” by Brokerages” was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/02/08/zacks-superconductor-technologies-inc-scon-given-average-recommendation-of-strong-buy-by-brokerages.html.

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.

Get a free copy of the Zacks research report on Superconductor Technologies (SCON)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Superconductor Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superconductor Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply