Superconductor Technologies (NASDAQ:SCON) Shares Cross Above Fifty Day Moving Average of $0.82

Superconductor Technologies, Inc. (NASDAQ:SCON)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.82 and traded as high as $0.90. Superconductor Technologies shares last traded at $0.89, with a volume of 300 shares changing hands.

A number of brokerages have recently weighed in on SCON. HC Wainwright set a $21.00 target price on Cytokinetics and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.

The firm has a market cap of $4.95 million, a P/E ratio of -0.22 and a beta of 1.02. The company’s 50 day simple moving average is $0.82.

Superconductor Technologies (NASDAQ:SCON) last announced its earnings results on Thursday, May 9th. The semiconductor company reported ($0.70) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.53) by ($0.17). As a group, research analysts forecast that Superconductor Technologies, Inc. will post -1.94 earnings per share for the current year.

Superconductor Technologies Company Profile (NASDAQ:SCON)

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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