Superconductor Technologies Inc. (SCON) Sets New 12-Month High at $3.49
Superconductor Technologies Inc. (NASDAQ:SCON) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $3.49 and last traded at $2.90, with a volume of 45,387 shares changing hands. The stock had previously closed at $0.20.
A number of analysts have recently issued reports on SCON shares. Zacks Investment Research lowered Superconductor Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 14th. Rodman & Renshaw started coverage on Superconductor Technologies in a research report on Wednesday, March 30th. They set a “neutral” rating on the stock. Finally, HC Wainwright reaffirmed a “neutral” rating on shares of Superconductor Technologies in a research report on Wednesday, March 30th.
The stock has a 50 day moving average price of $0.21 and a 200 day moving average price of $0.20. The firm’s market cap is $115.60 million.
Superconductor Technologies (NASDAQ:SCON) last posted its quarterly earnings data on Thursday, May 12th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.05. The firm had revenue of $0.09 million for the quarter, compared to analysts’ expectations of $0.06 million. On average, equities research analysts predict that Superconductor Technologies Inc. will post ($0.16) EPS for the current year.
In other news, major shareholder Leroy C. Kopp acquired 300,000 shares of the stock in a transaction on Monday, May 23rd. The shares were purchased at an average cost of $0.25 per share, for a total transaction of $75,000.00. Following the transaction, the insider now owns 2,085,290 shares in the company, valued at approximately $521,322.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Superconductor Technologies Inc is focused on developing and commercializing high temperature superconductor (HTS) materials and related technologies. The Company is engaged in research, development, manufacture and marketing of high performance products used in cellular base stations. The Company’s products include AmpLink and SuperPlex, which are sold to wireless network operators in the United States.
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