Superconductor Technologies (NASDAQ:SCON) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The brokerage currently has a $1.25 target price on the semiconductor company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 4.17% 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. “

SCON has been the subject of several other reports. ValuEngine lowered Superconductor Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Superconductor Technologies in a report on Friday, November 10th.

Superconductor Technologies (NASDAQ SCON) traded up $0.02 during trading on Friday, reaching $1.20. The company’s stock had a trading volume of 223,772 shares, compared to its average volume of 265,020. Superconductor Technologies has a 1 year low of $0.88 and a 1 year high of $2.47. The firm has a market capitalization of $12.81, a price-to-earnings ratio of -0.90 and a beta of 1.04.

Superconductor Technologies (NASDAQ:SCON) last released its quarterly earnings data on Thursday, November 9th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.02. Superconductor Technologies had a negative return on equity of 97.45% and a negative net margin of 6,897.30%. The firm had revenue of $0.13 million during the quarter, compared to analyst estimates of $0.10 million. sell-side 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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