Superconductor Technologies Inc. (SCON) Receives “Buy” Rating from HC Wainwright
HC Wainwright reiterated their buy rating on shares of Superconductor Technologies Inc. (NASDAQ:SCON) in a research note published on Friday morning. The brokerage currently has a $3.00 price objective on the semiconductor company’s stock.
Separately, Zacks Investment Research cut shares of Superconductor Technologies from a hold rating to a sell rating in a research note on Wednesday, August 16th.
Superconductor Technologies (SCON) traded down $0.06 on Friday, hitting $1.02. 296,900 shares of the company traded hands, compared to its average volume of 233,950. Superconductor Technologies has a 1 year low of $0.88 and a 1 year high of $4.50.
Superconductor Technologies (NASDAQ:SCON) last posted its earnings results on Thursday, November 9th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.02. Superconductor Technologies had a negative net margin of 6,897.30% and a negative return on equity of 87.55%. The firm had revenue of $0.13 million during the quarter, compared to analysts’ expectations of $0.10 million. research analysts anticipate that Superconductor Technologies will post -0.92 earnings per share for the current year.
Superconductor Technologies Company Profile
Superconductor Technologies Inc is engaged in developing and commercializing high temperature superconductor (HTS) materials and related technologies. The Company operates through the research, development, manufacture and marketing of high performance products used in cellular base stations segment.
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