Superconductor Technologies (NASDAQ:SCON) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of Superconductor Technologies (NASDAQ:SCON) from a hold rating to a buy rating in a report issued on Friday morning, ValuEngine reports.

Several other equities analysts have also recently weighed in on the company. HC Wainwright set a $9.00 price objective on Superconductor Technologies and gave the company a buy rating in a report on Tuesday, April 23rd. Zacks Investment Research cut Superconductor Technologies from a buy rating to a hold rating in a report on Thursday, May 23rd.

Shares of SCON traded up $0.01 during midday trading on Friday, hitting $0.92. The stock had a trading volume of 19,296 shares, compared to its average volume of 78,549. The firm has a 50 day moving average of $0.86. Superconductor Technologies has a twelve month low of $0.70 and a twelve month high of $2.92.

Superconductor Technologies (NASDAQ:SCON) last announced its quarterly earnings data on Thursday, May 9th. The semiconductor company reported ($0.70) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by ($0.17). Research analysts expect that Superconductor Technologies will post -1.94 EPS for the current year.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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