Superconductor Technologies Inc. (SCON) Rating Reiterated by HC Wainwright

Superconductor Technologies Inc. (NASDAQ:SCON)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a research note issued to investors on Friday. They currently have a $3.00 price objective on the semiconductor company’s stock. HC Wainwright’s price target suggests a potential upside of 194.12% from the company’s current price.

Separately, Zacks Investment Research raised shares of Superconductor Technologies from a “sell” rating to a “hold” rating in a report on Thursday, October 12th.

Shares of Superconductor Technologies (NASDAQ:SCON) traded down $0.06 during midday trading on Friday, reaching $1.02. 296,900 shares of the company traded hands, compared to its average volume of 233,950. Superconductor Technologies has a 12 month low of $0.88 and a 12 month high of $4.50.

Superconductor Technologies (NASDAQ:SCON) last issued its quarterly earnings results on Thursday, November 9th. The semiconductor company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.02. The company had revenue of $0.13 million during the quarter, compared to analyst estimates of $0.10 million. Superconductor Technologies had a negative net margin of 6,897.30% and a negative return on equity of 87.55%. analysts expect that Superconductor Technologies will post -0.92 earnings per share for the current year.

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About Superconductor Technologies

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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