Superconductor Technologies (SCON) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Superconductor Technologies (NASDAQ:SCON) from a buy rating to a hold rating in a research report report published on Thursday.

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. “

SCON has been the topic of several other research reports. HC Wainwright reiterated a buy rating and set a $3.00 price objective on shares of Superconductor Technologies in a research report on Friday, November 10th. ValuEngine cut shares of Superconductor Technologies from a sell rating to a strong sell rating in a research report on Sunday, December 31st.

Superconductor Technologies (NASDAQ:SCON) traded down $0.10 during midday trading on Thursday, reaching $1.30. 341,300 shares of the company’s stock were exchanged, compared to its average volume of 337,656. Superconductor Technologies has a 12 month low of $0.88 and a 12 month high of $2.47. The company has a market cap of $14.04, a PE ratio of -0.97 and a beta of 1.04.

Superconductor Technologies (NASDAQ:SCON) last released its quarterly earnings data 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. The firm had revenue of $0.13 million for the quarter, compared to analysts’ expectations of $0.10 million. Superconductor Technologies had a negative net margin of 6,897.30% and a negative return on equity of 97.45%. sell-side analysts anticipate that Superconductor Technologies will post -0.84 EPS 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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