Superconductor Technologies (NASDAQ:SCON) Shares Gap Down to $0.23

Superconductor Technologies, Inc. (NASDAQ:SCON) gapped down prior to trading on Monday . The stock had previously closed at $0.23, but opened at $0.23. Superconductor Technologies shares last traded at $0.21, with a volume of 98,594 shares.

A number of equities analysts have weighed in on SCON shares. Zacks Investment Research downgraded shares of Superconductor Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. ValuEngine raised shares of Superconductor Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $9.00 target price on shares of Superconductor Technologies in a research note on Wednesday, August 14th.

The company has a market capitalization of $1.31 million, a P/E ratio of -0.05 and a beta of 0.96. The stock’s 50 day simple moving average is $0.56 and its two-hundred day simple moving average is $0.93.

Superconductor Technologies (NASDAQ:SCON) last announced its earnings results on Tuesday, August 13th. The semiconductor company reported ($0.57) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.67) by $0.10. On average, equities research analysts expect that Superconductor Technologies, Inc. will post -1.75 earnings per share for the current year.

About Superconductor Technologies (NASDAQ:SCON)

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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