Superconductor Technologies (NASDAQ:SCON) Trading 15.8% Higher
Superconductor Technologies, Inc. (NASDAQ:SCON)’s share price traded up 15.8% during mid-day trading on Wednesday . The company traded as high as $0.22 and last traded at $0.22, 7,512,542 shares were traded during mid-day trading. An increase of 2,690% from the average session volume of 269,220 shares. The stock had previously closed at $0.19.
A number of research analysts recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and issued a $9.00 price target on shares of Superconductor Technologies in a research note on Wednesday, August 14th. Zacks Investment Research raised shares of Superconductor Technologies from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a report on Saturday, August 17th. Finally, ValuEngine raised shares of Superconductor Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.
The business’s fifty day simple moving average is $0.65 and its two-hundred day simple moving average is $1.01. The company has a market cap of $2.92 million, a price-to-earnings ratio of -0.05 and a beta of 0.96.
About Superconductor Technologies (NASDAQ:SCON)
Superconductor Technologies Inc, together with its subsidiaries, develops, produces, and commercializes high temperature superconductor materials and related technologies in the United States. It is involved in developing Conductus superconducting wire for power applications. The company was founded in 1987 and is headquartered in Austin, Texas.
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