Superconductor Technologies, Inc. (NASDAQ:SCON) Reaches New 12-Month Low at $0.93
Shares of Superconductor Technologies, Inc. (NASDAQ:SCON) hit a new 52-week low on Monday . The company traded as low as $0.93 and last traded at $0.91, with a volume of 612,615 shares trading hands. The stock had previously closed at $1.06.
SCON has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Superconductor Technologies from a “hold” rating to a “buy” rating and set a $1.75 price target on the stock in a research report on Wednesday, June 14th. HC Wainwright set a $3.00 price target on shares of Superconductor Technologies and gave the company a “buy” rating in a research report on Friday.
The stock’s market cap is $10.18 million. The firm’s 50 day moving average price is $1.51 and its 200 day moving average price is $1.51.
Superconductor Technologies (NASDAQ:SCON) last posted its quarterly earnings results on Thursday, August 10th. The semiconductor company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.03. The firm had revenue of $0.01 million for the quarter, compared to analysts’ expectations of $0.18 million. Superconductor Technologies had a negative return on equity of 82.16% and a negative net margin of 262,900.00%. Analysts predict that Superconductor Technologies, Inc. will post ($0.78) 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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