Zacks: Superconductor Technologies Inc. (SCON) Receives Consensus Rating of “Strong Buy” from Analysts

Shares of Superconductor Technologies Inc. (NASDAQ:SCON) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price target of $3.00 for the company and are anticipating that the company will post ($0.25) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Superconductor Technologies an industry rank of 212 out of 265 based on the ratings given to its competitors.

A number of research firms have issued reports on SCON. Zacks Investment Research lowered shares of Superconductor Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. HC Wainwright set a $3.00 price target on shares of Superconductor Technologies and gave the stock a “buy” rating in a research report on Friday, August 11th.

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Shares of Superconductor Technologies (SCON) traded down 4.09% during mid-day trading on Tuesday, reaching $0.92. 97,689 shares of the company’s stock were exchanged. Superconductor Technologies has a one year low of $0.88 and a one year high of $4.50. The company’s market capitalization is $9.86 million. The company’s 50-day moving average price is $1.39 and its 200-day moving average price is $1.51.

Superconductor Technologies (NASDAQ:SCON) last posted its quarterly earnings results on Thursday, August 10th. The semiconductor company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.03. Superconductor Technologies had a negative net margin of 26,445.00% and a negative return on equity of 99.84%. The company had revenue of $0.01 million during the quarter, compared to analyst estimates of $0.18 million. On average, equities analysts expect 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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