Superconductor Technologies Inc. (NASDAQ:SCON) shares rose 3.9% on Thursday . The stock 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 lowered Superconductor Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 13th.

The firm has a 50-day moving average of $2.84 and a 200-day moving average of $3.07. The firm’s market capitalization is $6.10 million.

Superconductor Technologies (NASDAQ:SCON) last released its quarterly earnings results on Thursday, August 11th. The company reported ($1.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by $0.69. On average, equities research analysts predict that Superconductor Technologies Inc. will post ($3.83) earnings per share for the current year.

In related news, major shareholder Leroy C. Kopp bought 300,000 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was bought at an average cost of $0.25 per share, for a total transaction of $75,000.00. Following the completion of 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 Securities & Exchange Commission, which is available 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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