November 17, 2016 - By Louis Casey · 0 Comments
Superconductor Technologies Inc (NASDAQ:SCON) institutional sentiment decreased to 0.73 in 2016 Q2. Its down -0.27, from 1 in 2016Q1. The ratio dropped, as 8 hedge funds increased or started new stock positions, while 11 sold and reduced holdings in Superconductor Technologies Inc. The hedge funds in our partner’s database now hold: 10.82 million shares, up from 10.31 million shares in 2016Q1. Also, the number of hedge funds holding Superconductor Technologies Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 7 Reduced: 4 Increased: 7 New Position: 1.
Superconductor Technologies Inc. is engaged in developing and commercializing high temperature superconductor materials and related technologies. The company has a market cap of $4.33 million. The Firm operates through the research, development, manufacture and marketing of high performance products used in cellular base stations segment. It currently has negative earnings. The Firm develops products for the utility and telecommunications industries.
The stock increased 2.34% or $0.03 on November 16, hitting $1.31. Superconductor Technologies, Inc. (NASDAQ:SCON) has declined 52.59% since April 15, 2016 and is downtrending. It has underperformed by 57.22% the S&P500.
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.”
Kopp Investment Advisors Llc holds 0.79% of its portfolio in Superconductor Technologies, Inc. for 7.91 million shares. Bard Associates Inc owns 156,544 shares or 0.02% of their US portfolio. Moreover, Sabby Management Llc has 0.02% invested in the company for 1.70 million shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Blackrock Fund Advisors, a California-based fund reported 4,326 shares.#img1#
More important recent Superconductor Technologies, Inc. (NASDAQ:SCON) news were published by: Globenewswire.com which released: “Superconductor Technologies Inc. Completes Reverse Stock Split” on July 18, 2016, also Globenewswire.com published article titled: “Superconductor Technologies Inc. Announces Timing of Second Quarter 2016 …”, Globenewswire.com published: “Superconductor Technologies Inc. Announces $9.5 Million Public Offering” on October 09, 2015. More interesting news about Superconductor Technologies, Inc. (NASDAQ:SCON) was released by: Seekingalpha.com and their article: “Superconductor Technologies: Potential Copper Wire Alternative Blockbuster” with publication date: March 13, 2014.
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By Louis Casey