Superconductor Technologies (NASDAQ:SCON) Announces Earnings Results, Beats Expectations By $0.10 EPS

Superconductor Technologies (NASDAQ:SCON) posted its quarterly earnings data on Tuesday. The semiconductor company reported ($0.57) EPS for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.10, Bloomberg Earnings reports.

NASDAQ:SCON traded up $0.01 during mid-day trading on Wednesday, hitting $0.88. 20,772 shares of the company traded hands, compared to its average volume of 136,845. The company has a fifty day moving average of $0.89. Superconductor Technologies has a one year low of $0.70 and a one year high of $2.78. The company has a market cap of $4.79 million, a price-to-earnings ratio of -0.22 and a beta of 1.02.

SCON has been the subject of a number of research reports. Zacks Investment Research cut Superconductor Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. ValuEngine upgraded Superconductor Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, HC Wainwright reissued a “buy” rating and set a $9.00 price target on shares of Superconductor Technologies in a report on Wednesday.

Superconductor Technologies Company Profile

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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Earnings History for Superconductor Technologies (NASDAQ:SCON)

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