Superconductor Technologies Inc. (SCON) Trading Up 16.8%
Superconductor Technologies Inc. (NASDAQ:SCON) shares were up 16.8% during mid-day trading on Wednesday . The company traded as high as $3.75 and last traded at $3.34, with a volume of 285,734 shares changing hands. The stock had previously closed at $2.86.
A number of research analysts recently issued reports on SCON shares. Zacks Investment Research upgraded 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 restated a “neutral” rating on shares of Superconductor Technologies in a research report on Wednesday, March 30th. Finally, Rodman & Renshaw initiated coverage on shares of Superconductor Technologies in a research report on Wednesday, March 30th. They issued a “neutral” rating on the stock.
The stock has a 50 day moving average of $3.20 and a 200-day moving average of $3.06. The company’s market cap is $130.39 million.
Superconductor Technologies (NASDAQ:SCON) last announced its quarterly earnings data on Thursday, May 12th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.05. The company had revenue of $0.09 million for the quarter, compared to analyst estimates of $0.06 million. Equities research analysts predict that Superconductor Technologies Inc. will post ($0.16) earnings per share for the current fiscal year.
In related news, major shareholder Leroy C. Kopp acquired 300,000 shares of Superconductor Technologies stock in a transaction dated Monday, May 23rd. The stock was bought at an average price of $0.25 per share, with a total value of $75,000.00. Following the transaction, the insider now directly owns 2,085,290 shares in the company, valued at approximately $521,322.50. The purchase was disclosed in a filing with the SEC, 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.