Superconductor Applied sciences Inc. (NASDAQ:SCON) was downgraded by Zacks Funding Analysis from a “purchase” score to a “maintain” score in a analysis report issued on Thursday, June eighth.
In accordance with Zacks, “Superconductor Applied sciences Inc. manufactures and markets high-performance filters to service suppliers and authentic gear producers within the cellular wi-fi telecommunications business. The corporate’s product, the SuperFilter, combines high-temperature superconductors with cryogenic cooling know-how to provide a filter with vital benefits over typical filters. The corporate was engaged primarily in analysis and growth and generated revenues primarily from authorities analysis contracts. “
Different analysis analysts have additionally lately issued analysis studies concerning the inventory. HC Wainwright upgraded shares of Superconductor Applied sciences from a “impartial” score to a “purchase” score and set a $three.00 worth goal on the inventory in a analysis report on Thursday, April sixth. Rodman & Renshaw upgraded shares of Superconductor Applied sciences from a “impartial” score to a “purchase” score and set a $three.00 worth goal on the inventory in a analysis report on Thursday, April sixth.
Shares of Superconductor Applied sciences (SCON) traded up 2.166% throughout buying and selling on Thursday, hitting $1.604. 31,658 shares of the inventory have been exchanged. The inventory’s 50 day shifting common worth is $1.80 and its 200 day shifting common worth is $1.51. The agency’s market capitalization is $16.97 million. Superconductor Applied sciences has a 52 week low of $1.04 and a 52 week excessive of $four.50.
Superconductor Applied sciences (NASDAQ:SCON) final posted its quarterly earnings information on Thursday, Might 11th. The semiconductor firm reported ($zero.26) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($zero.27) by $zero.01. Superconductor Applied sciences had a adverse internet margin of 25,848.84% and a adverse return on fairness of 108.51%. On common, equities analysts predict that Superconductor Applied sciences will submit ($zero.78) earnings per share for the present yr.
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An institutional investor lately raised its place in Superconductor Applied sciences inventory. Vanguard Group Inc. elevated its place in Superconductor Applied sciences Inc. (NASDAQ:SCON) by 73.zero% throughout the first quarter, based on its most up-to-date submitting with the SEC. The fund owned 89,058 shares of the semiconductor firm’s inventory after shopping for a further 37,569 shares throughout the interval. Vanguard Group Inc. owned roughly 1.21% of Superconductor Applied sciences price $113,00zero on the finish of the newest reporting interval. Hedge funds and different institutional traders personal 1.62% of the corporate’s inventory.
Superconductor Applied sciences Firm Profile
Superconductor Applied sciences Inc is engaged in creating and commercializing excessive temperature superconductor (HTS) supplies and associated applied sciences. The Firm operates by way of the analysis, growth, manufacture and advertising and marketing of excessive efficiency merchandise utilized in mobile base stations section.
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