ValuEngine Downgrades Superconductor Technologies (SCON) to Strong Sell

ValuEngine downgraded shares of Superconductor Technologies (NASDAQ:SCON) from a sell rating to a strong sell rating in a research note released on Friday morning.

SCON has been the topic of a number of other research reports. Zacks Investment Research raised shares of Superconductor Technologies from a hold rating to a buy rating and set a $1.25 price target on the stock in a research note on Thursday, November 16th. HC Wainwright reaffirmed a buy rating and issued a $3.00 price target on shares of Superconductor Technologies in a research note on Friday, November 10th.

Superconductor Technologies (SCON) opened at $1.12 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 $12.16, a P/E ratio of -0.84 and a beta of 1.11.

Superconductor Technologies (NASDAQ:SCON) last announced its quarterly earnings results on Thursday, November 9th. The semiconductor company reported ($0.23) earnings per share for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $0.10 million. equities analysts predict that Superconductor Technologies will post -0.84 earnings per share for the current fiscal year.

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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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