Superconductor Technologies (SCON) Receives “Buy” Rating from HC Wainwright

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HC Wainwright reaffirmed their buy rating on shares of Superconductor Technologies (NASDAQ:SCON) in a research report report published on Wednesday morning.

Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Superconductor Technologies from a sell rating to a hold rating in a research report on Thursday, July 12th. ValuEngine upgraded Superconductor Technologies from a strong sell rating to a sell rating in a research report on Saturday, June 2nd.

Superconductor Technologies stock opened at $2.44 on Wednesday. The stock has a market cap of $3.20 million, a PE ratio of -0.27 and a beta of 0.56. Superconductor Technologies has a 1 year low of $1.47 and a 1 year high of $14.90.

Superconductor Technologies (NASDAQ:SCON) last posted its earnings results on Tuesday, August 14th. The semiconductor company reported ($1.24) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.70) by $0.46. The company had revenue of $0.79 million during the quarter, compared to analyst estimates of $0.33 million. Superconductor Technologies had a negative return on equity of 139.63% and a negative net margin of 1,317.27%. equities research analysts predict that Superconductor Technologies will post -6 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in Superconductor Technologies stock. Sabby Management LLC bought a new position in shares of Superconductor Technologies, Inc. (NASDAQ:SCON) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 735,880 shares of the semiconductor company’s stock, valued at approximately $693,000. Sabby Management LLC owned 5.97% of Superconductor Technologies at the end of the most recent quarter. Institutional investors own 83.76% of the company’s stock.

About Superconductor Technologies

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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