Shares of Superconductor Technologies, Inc. (NASDAQ:SCON) dropped 0% during trading on Friday following a dissappointing earnings announcement. The company traded as low as $0.93 and last traded at $0.99. Approximately 154,313 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 149,916 shares. The stock had previously closed at $0.99.
The semiconductor company reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.06). Superconductor Technologies had a negative return on equity of 97.45% and a negative net margin of 6,897.30%.
SCON has been the subject of a number of research reports. ValuEngine downgraded Superconductor Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded Superconductor Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th.
The company has a market cap of $13.37, a PE ratio of -0.75 and a beta of 0.95.
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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