Superconductor Technologies (NASDAQ:SCON) Sees Large Volume Increase

Shares of Superconductor Technologies, Inc. (NASDAQ:SCON) saw unusually-high trading volume on Wednesday . Approximately 4,134,000 shares traded hands during mid-day trading, an increase of 502% from the previous session’s volume of 686,924 shares.The stock last traded at $0.18 and had previously closed at $0.16.

SCON has been the subject of a number of recent analyst reports. HC Wainwright reiterated a “buy” rating and issued a $9.00 price objective on shares of Superconductor Technologies in a report on Wednesday, August 14th. ValuEngine upgraded Superconductor Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded Superconductor Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th.

The business has a fifty day moving average of $0.19 and a 200 day moving average of $0.63. The firm has a market cap of $3.21 million, a P/E ratio of -0.04 and a beta of 0.70. The company has a quick ratio of 0.51, a current ratio of 0.64 and a debt-to-equity ratio of 0.01.

Superconductor Technologies (NASDAQ:SCON) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.07). The company had revenue of $0.16 million during the quarter, compared to analyst estimates of $0.07 million.

About Superconductor Technologies (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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