Superconductor Technologies Inc. (SCON) Issues Quarterly Earnings Results
Superconductor Technologies Inc. (NASDAQ:SCON) announced its quarterly earnings results on Thursday. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by $0.02. Superconductor Technologies had a negative net margin of 4,808.72% and a negative return on equity of 109.86%.
Superconductor Technologies (NASDAQ:SCON) opened at 1.29 on Friday. The firm’s 50-day moving average price is $2.14 and its 200 day moving average price is $2.71. Superconductor Technologies has a 52-week low of $1.21 and a 52-week high of $4.80. The company’s market cap is $4.32 billion.
Several large investors have recently added to or reduced their stakes in the stock. Kopp Investment Advisors LLC increased its stake in Superconductor Technologies by 25.9% in the second quarter. Kopp Investment Advisors LLC now owns 7,907,791 shares of the company’s stock valued at $1,494,000 after buying an additional 1,624,300 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Superconductor Technologies during the third quarter valued at approximately $148,000. Finally, KCG Holdings Inc. increased its stake in Superconductor Technologies by 71.7% in the third quarter. KCG Holdings Inc. now owns 38,810 shares of the company’s stock valued at $104,000 after buying an additional 16,201 shares in the last quarter.
Separately, Zacks Investment Research downgraded Superconductor Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 14th.
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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