Superconductor Technologies Inc. (SCON) Shares Down 10.3%
Superconductor Technologies Inc. (NASDAQ:SCON)’s share price fell 10.3% during trading on Tuesday . The company traded as low as $2.50 and last traded at $2.60, with a volume of 52,183 shares traded. The stock had previously closed at $2.90.
Separately, Zacks Investment Research downgraded shares of Superconductor Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 14th.
The company’s market capitalization is $7.11 million. The stock’s 50-day moving average is $3.09 and its 200-day moving average is $3.09.
Superconductor Technologies (NASDAQ:SCON) last announced its quarterly earnings results on Thursday, May 12th. The company reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.05. The company earned $0.09 million during the quarter, compared to analyst estimates of $0.06 million. Analysts forecast 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 firm’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 document filed with the Securities & Exchange Commission, which is accessible through 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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