Superconductor Technologies Inc. (SCON) Announces Earnings Results

Superconductor Technologies Inc. (NASDAQ:SCON) announced its quarterly earnings data on Thursday. The semiconductor company reported ($0.23) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.02, Bloomberg Earnings reports. The company had revenue of $0.13 million during the quarter, compared to the consensus estimate of $0.10 million. Superconductor Technologies had a negative net margin of 6,897.30% and a negative return on equity of 87.55%.

Shares of Superconductor Technologies (NASDAQ SCON) traded down $0.06 on Friday, hitting $1.02. 296,910 shares of the stock were exchanged, 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.

SCON has been the subject of a number of analyst reports. HC Wainwright set a $3.00 price objective on shares of Superconductor Technologies and gave the stock a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Superconductor Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th.

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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.

Earnings History for Superconductor Technologies (NASDAQ:SCON)

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