Superconductor Technologies (NASDAQ:SCON) Shares Gap Up to $0.22

Superconductor Technologies, Inc. (NASDAQ:SCON)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $0.23, but opened at $0.22. Superconductor Technologies shares last traded at $0.26, with a volume of 476,398 shares changing hands.

A number of equities analysts have commented on SCON shares. ValuEngine raised Superconductor Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Superconductor Technologies from a “hold” rating to a “buy” rating and set a $1.00 target price for the company in a report on Saturday, August 17th. 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.

The firm has a fifty day moving average of $0.63 and a 200 day moving average of $0.99.

Superconductor Technologies (NASDAQ:SCON) last posted its quarterly earnings results on Tuesday, August 13th. The semiconductor company reported ($0.57) EPS for the quarter, beating the consensus estimate of ($0.67) by $0.10. As a group, research analysts predict that Superconductor Technologies, Inc. will post -1.75 earnings per share for the current fiscal year.

About Superconductor Technologies (NASDAQ:SCON)

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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