Superconductor Technologies, Inc. (SCON) Issues Earnings Results, Misses Estimates By $0.06 EPS

Superconductor Technologies, Inc. (NASDAQ:SCON) announced its quarterly earnings results on Tuesday. The semiconductor company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by $0.06. Superconductor Technologies had a negative return on equity of 112.15% and a negative net margin of 7,371.81%. The company had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.03 million.

Superconductor Technologies (NASDAQ:SCON) traded down 2.97% during mid-day trading on Friday, hitting $1.96. 371,386 shares of the stock traded hands. The company’s market cap is $14.41 million. Superconductor Technologies has a 12 month low of $1.04 and a 12 month high of $4.50. The company’s 50 day moving average is $1.41 and its 200 day moving average is $1.55.

An institutional investor recently bought a new position in Superconductor Technologies stock. Hudson Bay Capital Management LP bought a new position in Superconductor Technologies, Inc. (NASDAQ:SCON) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 88,326 shares of the semiconductor company’s stock, valued at approximately $109,000. Hudson Bay Capital Management LP owned 2.72% of Superconductor Technologies as of its most recent filing with the SEC. Institutional investors own 8.50% of the company’s stock.

SCON has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Superconductor Technologies from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a research report on Friday, December 23rd. Rodman & Renshaw upgraded shares of Superconductor Technologies from a “neutral” rating to a “buy” rating and set a $3.00 target price on the stock in a report on Thursday, April 6th. Finally, HC Wainwright upgraded shares of Superconductor Technologies from a “neutral” rating to a “buy” rating and set a $3.00 price objective for the company in a research note on Thursday, April 6th.

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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.