Superconductor Technologies (NASDAQ:SCON) Stock Crosses Above 50 Day Moving Average of $0.98

Shares of Superconductor Technologies, Inc. (NASDAQ:SCON) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.98 and traded as high as $0.77. Superconductor Technologies shares last traded at $0.77, with a volume of 200 shares changing hands.

SCON has been the topic of several recent research reports. HC Wainwright set a $9.00 price target on Superconductor Technologies and gave the company a “buy” rating in a research report on Tuesday, April 23rd. ValuEngine upgraded Superconductor Technologies from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Finally, Zacks Investment Research cut Superconductor Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd.

The company has a market cap of $4.15 million, a PE ratio of -0.19 and a beta of 1.02. The business’s 50-day moving average price is $0.98.

Superconductor Technologies (NASDAQ:SCON) last released its earnings results on Thursday, May 9th. The semiconductor company reported ($0.70) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by ($0.17). Superconductor Technologies had a negative return on equity of 142.41% and a negative net margin of 414.94%. As a group, equities research analysts anticipate that Superconductor Technologies, Inc. will post -1.94 EPS for the current year.

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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