Superconductor Technologies Inc. (SCON) Shares Up 2.1%
Superconductor Technologies Inc. (NASDAQ:SCON) shot up 2.1% on Tuesday . The company traded as high as $3.55 and last traded at $3.36, with a volume of 291,665 shares changing hands. The stock had previously closed at $3.29.
A number of research firms have weighed in on SCON. Zacks Investment Research downgraded Superconductor Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 14th. HC Wainwright reaffirmed a “neutral” rating on shares of Superconductor Technologies in a report on Wednesday, March 30th. Finally, Rodman & Renshaw began coverage on Superconductor Technologies in a report on Wednesday, March 30th. They set a “neutral” rating on the stock.
The firm’s market cap is $9.74 million. The company has a 50-day moving average of $3.20 and a 200 day moving average of $3.08.
Superconductor Technologies (NASDAQ:SCON) last issued its earnings results on Thursday, May 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.05. The firm earned $0.09 million during the quarter, compared to analyst estimates of $0.06 million. On average, analysts anticipate that Superconductor Technologies Inc. will post ($2.40) earnings per share for the current fiscal year.
In related news, major shareholder Leroy C. Kopp purchased 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, with a total value 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 SEC, which is available at 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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