ValuEngine Upgrades Superconductor Technologies (SCON) to “Buy”

Superconductor Technologies (NASDAQ:SCON) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.

SCON has been the subject of a number of other reports. HC Wainwright reissued a “buy” rating on shares of Superconductor Technologies in a report on Wednesday, August 15th. Zacks Investment Research raised Superconductor Technologies from a “sell” rating to a “hold” rating in a report on Thursday, July 12th.

Shares of NASDAQ SCON traded up $0.02 during midday trading on Thursday, reaching $1.88. 38,309 shares of the company traded hands, compared to its average volume of 132,474. The stock has a market cap of $5.40 million, a PE ratio of -0.21 and a beta of 0.06. Superconductor Technologies has a 12 month low of $1.47 and a 12 month high of $14.90.

Superconductor Technologies (NASDAQ:SCON) last issued its quarterly earnings data on Tuesday, August 14th. The semiconductor company reported ($1.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.70) by $0.46. The company had revenue of $0.79 million during the quarter, compared to analysts’ expectations of $0.33 million. Superconductor Technologies had a negative return on equity of 162.60% and a negative net margin of 546.61%. Equities analysts forecast that Superconductor Technologies will post -6.77 EPS for the current year.

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.

Further Reading: Fundamental Analysis – How It Helps Investors

To view ValuEngine’s full report, visit ValuEngine’s official website.

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