Superconductor Technologies Inc. (SCON) Trading Down 3.4%
Superconductor Technologies Inc. (NASDAQ:SCON)’s share price traded down 3.4% on Thursday . The stock traded as low as $3.07 and last traded at $3.13, with a volume of 53,356 shares trading hands. The stock had previously closed at $3.24.
A number of equities research analysts have commented on the company. Zacks Investment Research cut Superconductor Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 14th. Rodman & Renshaw assumed coverage on Superconductor Technologies in a report on Wednesday, March 30th. They set a “neutral” rating on the stock. Finally, HC Wainwright reiterated a “neutral” rating on shares of Superconductor Technologies in a report on Wednesday, March 30th.
The stock has a 50 day moving average of $3.19 and a 200-day moving average of $3.06. The firm’s market cap is $124.35 million.
Superconductor Technologies (NASDAQ:SCON) last issued its quarterly earnings data on Thursday, May 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.05. The business had revenue of $0.09 million for the quarter, compared to analyst estimates of $0.06 million. On average, equities analysts expect that Superconductor Technologies Inc. will post ($2.40) EPS for the current fiscal year.
In other news, major shareholder Leroy C. Kopp bought 300,000 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The shares were purchased at an average price of $0.25 per share, with a total value of $75,000.00. Following the completion of the acquisition, the insider now directly owns 2,085,290 shares in the company, valued at $521,322.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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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