Superconductor Technologies, Inc. (NASDAQ:SCON) was down 26.2% on Tuesday . The company traded as low as $0.91 and last traded at $0.93. Approximately 580,514 shares were traded during mid-day trading, an increase of 227% from the average daily volume of 177,742 shares. The stock had previously closed at $1.26.

A number of equities research analysts have recently weighed in on SCON shares. Zacks Investment Research upgraded Superconductor Technologies from a “hold” rating to a “buy” rating and set a $1.75 price target for the company in a report on Wednesday, January 23rd. ValuEngine downgraded Superconductor Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Finally, HC Wainwright reiterated a “buy” rating and issued a $9.00 price target on shares of Superconductor Technologies in a report on Friday, March 22nd.

The firm has a market cap of $5.00 million, a price-to-earnings ratio of -0.23 and a beta of 0.65.

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

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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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