Superconductor Technologies (NASDAQ:SCON) Trading Up 6.7%

Shares of Superconductor Technologies, Inc. (NASDAQ:SCON) were up 6.7% on Thursday . The stock traded as high as $0.16 and last traded at $0.16, approximately 296,197 shares changed hands during trading. A decline of 57% from the average daily volume of 684,250 shares. The stock had previously closed at $0.15.

Several research analysts have weighed in on SCON shares. ValuEngine upgraded Superconductor Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. 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. Finally, Zacks Investment Research lowered Superconductor Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th.

The company has a market capitalization of $2.75 million, a price-to-earnings ratio of -0.04 and a beta of 0.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.64. The firm has a fifty day moving average price of $0.18 and a 200-day moving average price of $0.59.

Superconductor Technologies (NASDAQ:SCON) last released its earnings results on Tuesday, November 12th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.07). The firm had revenue of $0.16 million during the quarter, compared to the consensus estimate of $0.07 million.

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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