Superconductor Technologies Inc. (SCON) Trading Up 3.9%
Superconductor Technologies Inc. (NASDAQ:SCON) was up 3.9% during trading on Thursday . The company traded as high as $2.40 and last traded at $2.37, with a volume of 93,929 shares traded. The stock had previously closed at $2.28.
Separately, Zacks Investment Research raised shares of Superconductor Technologies from a “hold” rating to a “buy” rating and set a $0.25 price objective on the stock in a report on Tuesday, May 31st.
The company’s market cap is $6.10 million. The company has a 50 day moving average of $2.87 and a 200 day moving average of $3.08.
Superconductor Technologies (NASDAQ:SCON) last released its earnings results on Thursday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.45) by $0.69. Analysts anticipate that Superconductor Technologies Inc. will post ($3.83) earnings per share for the current fiscal year.
In other Superconductor Technologies news, major shareholder Leroy C. Kopp bought 300,000 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were purchased 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 transaction was disclosed in a document filed 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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