ValuEngine downgraded shares of Superconductor Technologies (NASDAQ:SCON) from a sell rating to a strong sell rating in a research report sent to investors on Friday.

Several other brokerages also recently issued reports on SCON. Zacks Investment Research downgraded shares of Superconductor Technologies from a buy rating to a hold rating in a research note on Thursday, January 11th. HC Wainwright reiterated a buy rating and issued a $3.00 target price on shares of Superconductor Technologies in a research note on Friday, November 10th.

Shares of Superconductor Technologies (NASDAQ:SCON) remained flat at $$1.12 during trading hours on Friday. 161,168 shares of the stock were exchanged, compared to its average volume of 331,226. Superconductor Technologies has a 12-month low of $0.88 and a 12-month high of $2.47. The firm has a market capitalization of $12.09, a price-to-earnings ratio of -0.84 and a beta of 1.11.

Superconductor Technologies (NASDAQ:SCON) last issued its earnings results on Thursday, November 9th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.02. Superconductor Technologies had a negative net margin of 6,897.30% and a negative return on equity of 97.45%. The business had revenue of $0.13 million during the quarter, compared to the consensus estimate of $0.10 million. research analysts forecast that Superconductor Technologies will post -0.84 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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