Superconductor Technologies (SCON) Trading Down 26.2%
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.
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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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