Superconductor Technologies (SCON) Sets New 1-Year High and Low at $0.85

Superconductor Technologies Inc. (NASDAQ:SCON) shares reached a new 52-week high and low during mid-day trading on Tuesday . The stock traded as low as $0.85 and last traded at $0.90, with a volume of 9197 shares traded. The stock had previously closed at $0.90.

Several research firms have recently issued reports on SCON. HC Wainwright restated a “buy” rating and set a $3.00 price objective on shares of Superconductor Technologies in a report on Friday. Zacks Investment Research cut shares of Superconductor Technologies from a “hold” rating to a “sell” rating in a research note on Friday, March 30th. Finally, ValuEngine cut shares of Superconductor Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd.

The company has a market cap of $10.69 million, a price-to-earnings ratio of -0.95 and a beta of 0.88.

Superconductor Technologies (NASDAQ:SCON) last posted its earnings results on Thursday, May 10th. The semiconductor company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.04). The business had revenue of $0.25 million during the quarter, compared to the consensus estimate of $0.32 million. Superconductor Technologies had a negative net margin of 1,317.27% and a negative return on equity of 127.53%. equities research analysts expect that Superconductor Technologies Inc. will post -0.52 EPS for the current year.

A hedge fund recently bought a new stake in Superconductor Technologies stock. Sabby Management LLC acquired a new position in shares of Superconductor Technologies Inc. (NASDAQ:SCON) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 735,880 shares of the semiconductor company’s stock, valued at approximately $693,000. Sabby Management LLC owned about 5.97% of Superconductor Technologies at the end of the most recent quarter. 1.49% of the stock is owned by institutional investors.

Superconductor Technologies Company Profile

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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