Superconductor Technologies (SCON) Upgraded by Zacks Investment Research to “Buy”
Superconductor Technologies (NASDAQ:SCON) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The brokerage presently has a $1.25 price target on the semiconductor company’s stock. Zacks Investment Research‘s target price points to a potential upside of 5.93% from the company’s previous close.
According to Zacks, “Superconductor Technologies Inc. manufactures and markets high-performance filters to service providers and original equipment manufacturers in the mobile wireless telecommunications industry. The company’s product, the SuperFilter, combines high-temperature superconductors with cryogenic cooling technology to produce a filter with significant advantages over conventional filters. The company was engaged primarily in research and development and generated revenues primarily from government research contracts. “
Several other research analysts also recently weighed in on the stock. HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of Superconductor Technologies in a research note on Friday, November 10th. ValuEngine downgraded shares of Superconductor Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st.
Superconductor Technologies (NASDAQ SCON) opened at $1.18 on Friday. Superconductor Technologies has a one year low of $0.88 and a one year high of $2.47. The firm has a market cap of $12.70, a PE ratio of -0.88 and a beta of 1.04.
Superconductor Technologies (NASDAQ:SCON) last announced its earnings results on Thursday, November 9th. The semiconductor company reported ($0.23) earnings per share 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 97.45%. The firm had revenue of $0.13 million during the quarter, compared to the consensus estimate of $0.10 million. research analysts anticipate that Superconductor Technologies will post -0.84 earnings per share for the current year.
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About Superconductor Technologies
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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