Superconductor Technologies (NASDAQ:SCON) Cut to “Hold” at ValuEngine

ValuEngine cut shares of Superconductor Technologies (NASDAQ:SCON) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, ValuEngine reports.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Superconductor Technologies from a hold rating to a buy rating and set a $1.00 target price for the company in a research note on Saturday, August 17th. HC Wainwright restated a buy rating and issued a $9.00 target price on shares of Superconductor Technologies in a research note on Wednesday, August 14th.

Shares of SCON stock opened at $0.81 on Wednesday. The company’s 50 day moving average is $0.80 and its 200 day moving average is $1.15. Superconductor Technologies has a 52-week low of $0.48 and a 52-week high of $2.58.

Superconductor Technologies (NASDAQ:SCON) last issued its quarterly earnings data on Tuesday, August 13th. The semiconductor company reported ($0.57) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.67) by $0.10. Sell-side analysts anticipate that Superconductor Technologies will post -1.75 earnings per share for the current fiscal year.

About Superconductor Technologies

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

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