Superconductor Technologies Inc. (SCON) Stock Price Up 16.8%
Superconductor Technologies Inc. (NASDAQ:SCON) shares rose 16.8% during mid-day trading on Wednesday . The stock traded as high as $3.75 and last traded at $3.34, with a volume of 285,734 shares. The stock had previously closed at $2.86.
SCON has been the topic of several research analyst reports. Zacks Investment Research raised shares of Superconductor Technologies from a “hold” rating to a “buy” rating and set a $0.25 target price on the stock in a research note on Tuesday, May 31st. HC Wainwright reissued a “neutral” rating on shares of Superconductor Technologies in a research note on Wednesday, March 30th. Finally, Rodman & Renshaw initiated coverage on shares of Superconductor Technologies in a research note on Wednesday, March 30th. They set a “neutral” rating on the stock.
The stock’s market capitalization is $124.35 million. The company’s 50 day moving average is $3.19 and its 200 day moving average is $3.06.
Superconductor Technologies (NASDAQ:SCON) last issued its earnings results on Thursday, May 12th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.05. The firm earned $0.09 million during the quarter, compared to analysts’ expectations of $0.06 million. Analysts expect that Superconductor Technologies Inc. will post ($2.40) EPS for the current year.
In other news, major shareholder Leroy C. Kopp bought 300,000 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The shares were bought at an average cost of $0.25 per share, with a total value of $75,000.00. Following the completion of the purchase, the insider now directly owns 2,085,290 shares in the company, valued at $521,322.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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