Superconductor Technologies Inc. (SCON) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Superconductor Technologies Inc. (NASDAQ:SCON) from a sell rating to a hold rating in a report issued on Thursday.

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 objective on Superconductor Technologies and gave the stock a buy rating in a report on Friday, August 11th.

Shares of Superconductor Technologies (SCON) opened at 1.2079 on Thursday. The firm’s market capitalization is $12.94 million. Superconductor Technologies has a 1-year low of $0.88 and a 1-year high of $4.50. The firm’s 50 day moving average is $1.09 and its 200 day moving average is $1.47.

Superconductor Technologies (NASDAQ:SCON) last posted its quarterly earnings data on Thursday, August 10th. The semiconductor company reported ($0.24) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.03. The firm had revenue of $0.01 million for the quarter, compared to the consensus estimate of $0.18 million. Superconductor Technologies had a negative return on equity of 99.84% and a negative net margin of 26,445.00%. Analysts anticipate that Superconductor Technologies will post ($0.92) EPS for the current fiscal year.

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About Superconductor Technologies

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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