Revenue Update on Superconductor Technologies(NASDAQ:SCON)

Superconductor Technologies(NASDAQ:SCON) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 28, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $9.000K. Analysts estimated a revenue of $30.000K. The revenues were -70% below the estimates. Earnings per share were $-0.61. The reported EPS was below estimates by -10.91%. Analysts had estimated an EPS of $-0.55.

Superconductor Technologies (SCON) made into the market gainers list on Fridays trading session with the shares advancing 5.74% or 0.07 points. Due to strong positive momentum, the stock ended at $1.29, which is also near the day’s high of $1.32. The stock began the session at $1.21 and the volume stood at 3,19,395 shares. The 52-week high of the shares is $4.5 and the 52 week low is $1.04. The company has a current market capitalization of $4.8 M and it has 37,24,927 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 25, 2016, Leroy C Kopp (10% owner) purchased 300,000 shares at $0.25 per share price.

Superconductor Technologies Inc. is focused on developing and commercializing high temperature superconductor (HTS) materials and related technologies. The Company is engaged in research development manufacture and marketing of high performance products used in cellular base stations. The Company’s products include AmpLink and SuperPlex which are sold to wireless network operators in the United States. It develops products for the utility and telecommunications industries. Its HTS Wire Platform is focused on three applications including superconducting high power transmission cable superconducting fault current limiters (SFCL) and superconducting rotating machines such as motors and generators. Its superconducting magnets are used in various applications to create high magnetic fields such as nuclear magnetic resonance (NMR) and magnetic resonance imaging (MRI) machines.

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