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Ladenburg Thalmann Initiates Coverage of Superconductor Technologies Inc.

5053522264_5a71268f08_bShares of Superconductor Technologies Inc. (NASDAQ: SCON) were up more than 10 percent Tuesday following news that analysts at Ladenburg Thalmann had initiated coverage of the company and set a “buy” rating on the stock.

 

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Superconductor Technologies Inc. develops high temperature superconducting (HTS) materials and related technologies. The company provides interference elimination and network enhancement solutions in the commercial wireless industry.

Superconductor Technologies sells its products directly to wireless network operators in the United States. Founded in 1987 and based in Austin, Texas, the company last released earnings on Aug. 13. At that time the company reported ($0.54) EPS for the quarter on revenue of $0.56 million, compared to a consensus estimate of $0.78 million.

[stock-tools exchange="NASDAQ" symbol="SCON" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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