Superconductor Technologies Inc. (SCON) Stock Rating Upgraded by Zacks Investment Research
Superconductor Technologies Inc. (NASDAQ:SCON) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm presently has a $1.25 price objective on the semiconductor company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 19.05% from the company’s current price.
According to Zacks, “Superconductor Technologies Inc. manufactures and markets high-performance filters to service providers and original equipment manufacturers in the mobile wireless telecommunications industry. The company’s product, the SuperFilter, combines high-temperature superconductors with cryogenic cooling technology to produce a filter with significant advantages over conventional filters. The company was engaged primarily in research and development and generated revenues primarily from government research contracts. “
Separately, HC Wainwright set a $3.00 target price on Superconductor Technologies and gave the company a “buy” rating in a research report on Friday, August 11th.
Shares of Superconductor Technologies (SCON) opened at $1.05 on Thursday. Superconductor Technologies has a 12-month low of $0.88 and a 12-month high of $4.50.
Superconductor Technologies (NASDAQ:SCON) last announced its quarterly earnings results on Thursday, November 9th. The semiconductor company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.02. The company had revenue of $0.13 million for the quarter, compared to the consensus estimate of $0.10 million. Superconductor Technologies had a negative return on equity of 97.45% and a negative net margin of 6,897.30%. equities analysts predict that Superconductor Technologies will post -0.84 EPS for the current year.
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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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