Superconductor Technologies (NASDAQ:SCON) Issues Quarterly Earnings Results

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Superconductor Technologies (NASDAQ:SCON) announced its quarterly earnings results on Tuesday. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.07), Fidelity Earnings reports. The business had revenue of $0.16 million during the quarter, compared to analyst estimates of $0.07 million.

Shares of SCON traded down $0.01 during midday trading on Friday, reaching $0.16. 17,142 shares of the stock were exchanged, compared to its average volume of 2,329,845. Superconductor Technologies has a twelve month low of $0.16 and a twelve month high of $2.58. The company has a market cap of $1.14 million, a P/E ratio of -0.04 and a beta of 0.85. The stock’s 50 day simple moving average is $0.32 and its 200 day simple moving average is $0.77.

SCON has been the subject of several research reports. Zacks Investment Research downgraded Superconductor Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. ValuEngine raised Superconductor Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, HC Wainwright reissued a “buy” rating and set a $9.00 target price on shares of Superconductor Technologies in a report on Wednesday, August 14th.

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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Earnings History for Superconductor Technologies (NASDAQ:SCON)

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