Superconductor Technologies Inc. (SCON) Rating Increased to Buy at Zacks Investment Research
Superconductor Technologies Inc. (NASDAQ:SCON) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The firm presently has a $1.25 price target on the semiconductor company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 9.65% from the stock’s previous close.
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. “
Separately, HC Wainwright set a $3.00 price target on Superconductor Technologies and gave the stock a “buy” rating in a research report on Friday, August 11th.
Superconductor Technologies (SCON) traded down $0.04 during trading on Thursday, hitting $1.14. The stock had a trading volume of 127,169 shares, compared to its average volume of 269,635. Superconductor Technologies has a 52 week low of $0.88 and a 52 week high of $3.78.
Superconductor Technologies (NASDAQ:SCON) last issued its quarterly earnings results on Thursday, November 9th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.02. The business had revenue of $0.13 million for the quarter, compared to the consensus estimate of $0.10 million. Superconductor Technologies had a negative return on equity of 97.45% and a negative net margin of 6,897.30%. sell-side analysts expect 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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