The stock of Superconductor Technologies, Inc. (NASDAQ:SCON) is a huge mover today! The stock decreased 10.17% or $0.24 on November 23, hitting $2.12. About 986,940 shares traded hands. Superconductor Technologies, Inc. (NASDAQ:SCON) has declined 21.48% since April 22, 2016 and is downtrending. It has underperformed by 26.89% the S&P500.
The move comes after 8 months negative chart setup for the $9.02 million company. It was reported on Nov, 24 by Barchart.com. We have $1.99 PT which if reached, will make NASDAQ:SCON worth $541,200 less.
Analysts await Superconductor Technologies, Inc. (NASDAQ:SCON) to report earnings on March, 22. They expect $-0.79 earnings per share, up 34.17% or $0.41 from last year’s $-1.2 per share. After $-0.91 actual earnings per share reported by Superconductor Technologies, Inc. for the previous quarter, Wall Street now forecasts -13.19% EPS growth.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0 in 2016 Q2. Its down 0.73, from 0.73 in 2016Q1. The ratio fall, as 7 funds sold all Superconductor Technologies, Inc. shares owned while 4 reduced positions. 1 funds bought stakes while 7 increased positions. They now own 10.82 million shares or 4.88% more from 10.31 million shares in 2016Q1.
Guggenheim Cap Ltd last reported 29,359 shares in the company. One Trading Ltd Partnership reported 4,109 shares or 0% of all its holdings. Northern Corporation has 0% invested in the company for 11,593 shares. Sabby Mngmt Ltd Llc has 0.02% invested in the company for 1.70M shares. Two Sigma Securities Lc, a New York-based fund reported 35,799 shares. Ladenburg Thalmann Finance Serv has 0% invested in the company for 4 shares. Deutsche Fincl Bank Ag has invested 0% of its portfolio in Superconductor Technologies, Inc. (NASDAQ:SCON). The Nebraska-based Nelson Van Denburg Campbell Wealth Mgmt Gp Ltd Llc has invested 0% in Superconductor Technologies, Inc. (NASDAQ:SCON). Bank & Trust Of America De has 0% invested in the company for 3 shares. Kcg Holding Inc holds 22,609 shares or 0% of its portfolio. Cambridge Research Advsr Inc owns 60,000 shares or 0% of their US portfolio. Moreover, Vanguard Grp Inc has 0% invested in Superconductor Technologies, Inc. (NASDAQ:SCON) for 58,706 shares. Geode Cap Mngmt Ltd Liability holds 0% or 51,793 shares in its portfolio. Kopp Investment Advsrs Limited Co holds 7.91 million shares or 0.79% of its portfolio. Focused Wealth Management Inc last reported 4 shares in the company.
More news for Superconductor Technologies, Inc. (NASDAQ:SCON) were recently published by: Globenewswire.com, which released: “Superconductor Technologies Inc. Completes Reverse Stock Split” on July 18, 2016. Globenewswire.com‘s article titled: “Superconductor Technologies Inc. Announces Timing of Second Quarter 2016 …” and published on July 28, 2016 is yet another important article.
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