Shares of Superconductor Technologies Inc. (NASDAQ:SCON) rose 8.7% during trading on Wednesday . The stock traded as high as $3.01 and last traded at $2.88, with a volume of 239,191 shares changing hands. The stock had previously closed at $2.65.

Separately, Zacks Investment Research raised shares of Superconductor Technologies from a “hold” rating to a “buy” rating and set a $0.25 price target for the company in a research report on Tuesday, May 31st.

The stock’s 50-day moving average is $3.08 and its 200-day moving average is $3.09. The company’s market cap is $7.72 million.

Superconductor Technologies (NASDAQ:SCON) last issued its quarterly earnings data on Thursday, May 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The business had revenue of $0.09 million for the quarter, compared to analyst estimates of $0.06 million. Analysts forecast that Superconductor Technologies Inc. will post ($2.40) EPS for the current year.

In other Superconductor Technologies news, major shareholder Leroy C. Kopp acquired 300,000 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was purchased at an average cost of $0.25 per share, with a total value of $75,000.00. Following the transaction, the insider now owns 2,085,290 shares of the company’s stock, valued at $521,322.50. The transaction was disclosed in a filing with the SEC, 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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