Zacks Investment Research Lowers Superconductor Technologies (NASDAQ:SCON) to Hold

Zacks Investment Research cut shares of Superconductor Technologies (NASDAQ:SCON) from a buy rating to a hold rating in a research note issued to investors on Thursday, January 11th.

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. “

Other research analysts also recently issued research reports about the company. HC Wainwright reaffirmed a buy rating and issued a $3.00 price objective on shares of Superconductor Technologies in a research note on Friday, November 10th. ValuEngine cut Superconductor Technologies from a sell rating to a strong sell rating in a report on Sunday, December 31st.

Shares of Superconductor Technologies (NASDAQ:SCON) remained flat at $$1.13 during midday trading on Thursday. The stock had a trading volume of 161,168 shares, compared to its average volume of 194,068. Superconductor Technologies has a twelve month low of $0.88 and a twelve month high of $2.47. The stock has a market cap of $11.94 and a price-to-earnings ratio of -0.84.

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, beating the Thomson Reuters’ 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 company had revenue of $0.13 million during the quarter, compared to the consensus estimate of $0.10 million. equities research analysts expect that Superconductor Technologies will post -0.84 EPS for the current 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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