Superconductor Technologies (NASDAQ:SCON) Upgraded by Zacks Investment Research to Buy

Superconductor Technologies (NASDAQ:SCON) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, January 6th. The brokerage presently has a $1.25 price target on the semiconductor company’s stock. Zacks Investment Research‘s price objective suggests a potential downside of 3.85% from the stock’s current price.

According to Zacks, “Superconductor Technologies Inc. manufactures and markets high-performance filters to service providers and original equipment manufacturers in the mobile wireless telecommunications industry. The company’s product, the SuperFilter, combines high-temperature superconductors with cryogenic cooling technology to produce a filter with significant advantages over conventional filters. The company was engaged primarily in research and development and generated revenues primarily from government research contracts. “

SCON has been the topic of a number of other research reports. ValuEngine cut shares of Superconductor Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 target price on shares of Superconductor Technologies in a research report on Friday, November 10th.

Shares of Superconductor Technologies (SCON) opened at $1.30 on Friday. Superconductor Technologies has a 1-year low of $0.88 and a 1-year high of $2.47.

Superconductor Technologies (NASDAQ:SCON) last announced its quarterly earnings data on Thursday, November 9th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.02. Superconductor Technologies had a negative net margin of 6,897.30% and a negative return on equity of 97.45%. The firm had revenue of $0.13 million during the quarter, compared to analyst estimates of $0.10 million. sell-side analysts forecast that Superconductor Technologies will post -0.84 earnings per share for the current fiscal year.

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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.

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