Superconductor Technologies Inc. (SCON) Shares Down 3.4%
Superconductor Technologies Inc. (NASDAQ:SCON) shares were down 3.4% during trading on Thursday . The company traded as low as $3.07 and last traded at $3.13, with a volume of 53,356 shares changing hands. The stock had previously closed at $3.24.
A number of research analysts have commented on SCON shares. Rodman & Renshaw started coverage on shares of Superconductor Technologies in a research report on Wednesday, March 30th. They issued a “neutral” rating on the stock. HC Wainwright reaffirmed a “neutral” rating on shares of Superconductor Technologies in a research report on Wednesday, March 30th. Finally, 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 report on Tuesday, May 31st.
The firm’s market cap is $8.15 million. The stock has a 50 day moving average of $3.18 and a 200 day moving average of $3.07.
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 analysts’ consensus estimates of ($0.12) by $0.05. The firm earned $0.09 million during the quarter, compared to analysts’ expectations of $0.06 million. 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 purchased 300,000 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was acquired at an average price of $0.25 per share, for a total transaction of $75,000.00. Following the completion of the transaction, the insider now directly owns 2,085,290 shares in the company, valued at approximately $521,322.50. The acquisition was disclosed in a document filed 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.
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