Superconductor Technologies Inc. (SCON) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Superconductor Technologies Inc. (NASDAQ:SCON) from a sell rating to a hold rating in a research note released on Tuesday.

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. “

Superconductor Technologies (NASDAQ:SCON) opened at 2.51 on Tuesday. Superconductor Technologies has a 1-year low of $2.12 and a 1-year high of $4.80. The firm has a 50-day moving average price of $2.47 and a 200 day moving average price of $2.84. The company’s market capitalization is $6.90 million.

Superconductor Technologies (NASDAQ:SCON) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by $0.69. Superconductor Technologies had a negative return on equity of 109.86% and a negative net margin of 4,808.72%. On average, equities analysts predict that Superconductor Technologies will post ($3.83) EPS for the current year.

An institutional investor recently raised its position in Superconductor Technologies stock. Kopp Investment Advisors LLC boosted its stake in Superconductor Technologies Inc. (NASDAQ:SCON) by 25.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,907,791 shares of the company’s stock after buying an additional 1,624,300 shares during the period. Superconductor Technologies accounts for about 0.8% of Kopp Investment Advisors LLC’s investment portfolio, making the stock its 25th largest position. Kopp Investment Advisors LLC owned 294.85% of Superconductor Technologies worth $1,494,000 at the end of the most recent quarter.

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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