Superconductor Technologies (NASDAQ:SCON) Releases Earnings Results

Superconductor Technologies (NASDAQ:SCON) issued its earnings results on Tuesday. The semiconductor company reported ($0.57) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.10, Bloomberg Earnings reports.

Shares of NASDAQ:SCON traded down $0.04 during trading on Friday, reaching $0.75. 214 shares of the company traded hands, compared to its average volume of 42,964. The firm has a fifty day simple moving average of $0.89 and a 200 day simple moving average of $1.25. The firm has a market cap of $4.35 million, a P/E ratio of -0.19 and a beta of 1.02. Superconductor Technologies has a 1-year low of $0.70 and a 1-year high of $2.64.

A number of equities research analysts have issued reports on SCON shares. Zacks Investment Research lowered shares of Superconductor Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. HC Wainwright reissued a “buy” rating and set a $9.00 target price on shares of Superconductor Technologies in a research note on Wednesday. Finally, ValuEngine raised shares of Superconductor Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd.

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: Price to Earnings Ratio (PE) Basics

Earnings History for Superconductor Technologies (NASDAQ:SCON)

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