Superconductor Technologies, Inc. (NASDAQ:SCON) Given Average Rating of “Strong Buy” by Analysts

Shares of Superconductor Technologies, Inc. (NASDAQ:SCON) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price objective of $9.00 for the company and are forecasting that the company will post ($0.67) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Superconductor Technologies an industry rank of 178 out of 256 based on the ratings given to its competitors.

A number of research analysts recently issued reports on SCON shares. Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, HC Wainwright set a $21.00 price objective on Cytokinetics and gave the stock a “buy” rating in a report on Tuesday, April 23rd.

Shares of Superconductor Technologies stock traded up $0.08 during trading hours on Tuesday, hitting $0.95. The company’s stock had a trading volume of 25,948 shares, compared to its average volume of 80,503. Superconductor Technologies has a 12 month low of $0.70 and a 12 month high of $12.88. The stock has a 50 day simple moving average of $0.81. The company has a market capitalization of $5.23 million, a P/E ratio of -0.24 and a beta of 1.02.

Superconductor Technologies (NASDAQ:SCON) last announced its quarterly earnings results on Thursday, May 9th. The semiconductor company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.17). Equities analysts expect that Superconductor Technologies will post -1.94 EPS for the current year.

About Superconductor Technologies

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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