Superconductor Technologies (NASDAQ:SCON) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued 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. “
Other equities research analysts have also recently issued research reports about the company. ValuEngine cut Superconductor Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. HC Wainwright set a $9.00 price objective on Superconductor Technologies and gave the stock a “buy” rating in a research note on Wednesday, November 14th.
Superconductor Technologies (NASDAQ:SCON) last released its quarterly earnings results on Tuesday, November 13th. The semiconductor company reported ($0.88) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.96) by $1.08. Superconductor Technologies had a negative return on equity of 141.30% and a negative net margin of 414.94%. The firm had revenue of $0.52 million during the quarter, compared to the consensus estimate of $0.54 million. Analysts predict that Superconductor Technologies will post -5.67 earnings per share for the current fiscal year.
Superconductor Technologies Company Profile
Superconductor Technologies Inc, together with its subsidiaries, develops, produces, and commercializes high temperature superconductor materials and related technologies in the United States. It is involved in developing Conductus superconducting wire for power applications. The company was founded in 1987 and is headquartered in Austin, Texas.
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