$SCON,,,May want to watch this. It had a good day
Post# of 22756
Superconductor Technologies, Inc. (SCON) Posts Earnings Results, Beats Estimates By $0.01 EPS
May 25th, 2017 - By Renee Jackson - 0 comments
Superconductor Technologies logoSuperconductor Technologies, Inc. (NASDAQ:SCON) posted its earnings results on Thursday. The semiconductor company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.01. Superconductor Technologies had a negative net margin of 7,371.81% and a negative return on equity of 112.15%.
Shares of Superconductor Technologies (NASDAQ:SCON) traded down 0.5440% during trading on Thursday, hitting $1.8101. 80,916 shares of the stock traded hands. The firm’s market cap is $13.31 million. Superconductor Technologies has a 52-week low of $1.04 and a 52-week high of $4.50. The stock has a 50 day moving average of $1.82 and a 200 day moving average of $1.50
Several brokerages have issued reports on SCON. HC Wainwright upgraded shares of Superconductor Technologies from a “neutral” rating to a “buy” rating and set a $3.00 target price for the company in a research report on Thursday, April 6th. Rodman & Renshaw upgraded shares of Superconductor Technologies from a “neutral” rating to a “buy” rating and set a $3.00 price target for the company in a report on Thursday, April 6th. Finally, Zacks Investment Research lowered shares of Superconductor Technologies from a “hold” rating to a “sell” rating in a report on Saturday, April 1st.
An institutional investor recently raised its position in Superconductor Technologies stock. Vanguard Group Inc. raised its position in shares of Superconductor Technologies, Inc. (NASDAQ:SCON) by 73.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,058 shares of the semiconductor company’s stock after buying an additional 37,569 shares during the period. Vanguard Group Inc. owned approximately 1.21% of Superconductor Technologies worth $113,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 8.50% of the company’s stock.
Superconductor Technologies Company Profile
Superconductor Technologies Inc is engaged in developing and commercializing high temperature superconductor (HTS) materials and related technologies. The Company operates through the research, development, manufacture and marketing of high performance products used in cellular base stations segment.
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