Superconductor Technologies Inc. (SCON) Hits New 1-Year High at $3.49
Superconductor Technologies Inc. (NASDAQ:SCON) reached a new 52-week high during trading on Tuesday . The company traded as high as $3.49 and last traded at $2.90, with a volume of 45,387 shares. The stock had previously closed at $0.20.
A number of equities research analysts recently commented on SCON shares. Zacks Investment Research raised Superconductor Technologies from a “hold” rating to a “buy” rating and set a $0.25 target price for the company in a report on Tuesday, May 31st. HC Wainwright reissued a “neutral” rating on shares of Superconductor Technologies in a report on Wednesday, March 30th. Finally, Rodman & Renshaw initiated coverage on Superconductor Technologies in a report on Wednesday, March 30th. They issued a “neutral” rating for the company.
The stock’s 50-day moving average price is $3.19 and its 200 day moving average price is $3.06. The company’s market capitalization is $130.39 million.
Superconductor Technologies (NASDAQ:SCON) last issued its quarterly earnings results on Thursday, May 12th. The company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.05. The company had revenue of $0.09 million for the quarter, compared to analysts’ expectations of $0.06 million. On average, analysts predict that Superconductor Technologies Inc. will post ($2.40) EPS for the current fiscal year.
In related news, major shareholder Leroy C. Kopp purchased 300,000 shares of the business’s stock in a transaction on Monday, May 23rd. The shares were bought at an average price of $0.25 per share, for a total transaction of $75,000.00. Following the acquisition, the insider now directly owns 2,085,290 shares in the company, valued at $521,322.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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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