Superconductor Technologies (NASDAQ:SCON) Trading Down 9.5%

Superconductor Technologies, Inc. (NASDAQ:SCON) was down 9.5% during trading on Friday . The stock traded as low as $0.18 and last traded at $0.19, approximately 517,311 shares traded hands during mid-day trading. A decline of 54% from the average daily volume of 1,114,091 shares. The stock had previously closed at $0.21.

Separately, ValuEngine cut shares of Superconductor Technologies from a “buy” rating to a “hold” rating in a report on Friday, January 3rd.

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 company has a market cap of $3.42 million, a PE ratio of -0.08 and a beta of 0.81. The company’s 50-day simple moving average is $0.22 and its 200 day simple moving average is $0.39.

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