Superconductor Technologies (NASDAQ:SCON) Trading Down 11.1%

Superconductor Technologies, Inc. (NASDAQ:SCON)’s stock price traded down 11.1% on Thursday . The stock traded as low as $0.16 and last traded at $0.16, 1,338,515 shares were traded during trading. An increase of 94% from the average session volume of 689,698 shares. The stock had previously closed at $0.18.

SCON has been the topic of a number of research reports. ValuEngine upgraded shares of Superconductor Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered shares of Superconductor Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Superconductor Technologies in a research note on Wednesday, August 14th.

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 market capitalization of $3.21 million, a P/E ratio of -0.04 and a beta of 0.70. The company has a 50-day moving average price of $0.19 and a 200-day moving average price of $0.62.

Superconductor Technologies (NASDAQ:SCON) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.07). The company had revenue of $0.16 million during the quarter, compared to analyst estimates of $0.07 million.

Superconductor Technologies Company Profile (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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