Superconductor Technologies (SCON) Shares Down 3.3%

Shares of Superconductor Technologies Inc. (NASDAQ:SCON) fell 3.3% on Wednesday . The stock traded as low as $1.11 and last traded at $1.18. 1,859,108 shares traded hands during trading, an increase of 212% from the average session volume of 595,224 shares. The stock had previously closed at $1.22.

Several research firms have recently weighed in on SCON. Zacks Investment Research upgraded shares of Superconductor Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of Superconductor Technologies in a research report on Friday, November 10th.

The company has a market capitalization of $12.59, a PE ratio of -0.83 and a beta of 1.03.

Superconductor Technologies (NASDAQ:SCON) last issued its earnings results on Thursday, November 9th. The semiconductor company reported ($0.23) 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 analysts’ expectations of $0.10 million. Superconductor Technologies had a negative net margin of 6,897.30% and a negative return on equity of 97.45%. equities research analysts anticipate that Superconductor Technologies Inc. will post -0.84 earnings per share for the current 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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