Superconductor Technologies (NASDAQ:SCON) Issues Earnings Results

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

SCON stock traded down $0.02 during trading hours on Thursday, reaching $0.17. The stock had a trading volume of 71,278 shares, compared to its average volume of 2,562,270. The stock has a market capitalization of $1.31 million, a PE ratio of -0.04 and a beta of 0.85. The stock has a 50-day simple moving average of $0.33 and a 200 day simple moving average of $0.78. Superconductor Technologies has a fifty-two week low of $0.17 and a fifty-two week high of $2.58.

A number of brokerages have commented on SCON. HC Wainwright reiterated a “buy” rating and issued a $9.00 price target on shares of Superconductor Technologies in a research note on Wednesday, August 14th. ValuEngine upgraded shares of Superconductor Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research cut shares of Superconductor Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th.

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.

Further Reading: What is operating income?

Earnings History for Superconductor Technologies (NASDAQ:SCON)

Receive News & Ratings for Superconductor Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superconductor Technologies and related companies with MarketBeat.com's FREE daily email newsletter.