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Wednesday, March 09, 2011 5:14:31 PM
http://nothingbutbuzz.com/micro-cap-stock-superconductor-technologies-inc-nasdaqscon/863777/
Superconductor Technologies, Inc. (NASDAQ:SCON) jumped 49.59% or $1.21 in last 1 month trading sessions from $2.44 on Feb 8 to $3.65 on March 8.
The Company announced that it intends to release its fourth quarter and year end 2010 financial results before the market opens on Thursday, March 10, 2011.
The Company announced on Feb 16, that it had received acceptance from a key potential customer for its second generation (2G) HTS wire sample. It stated that the 2G HTS wire sample met this customer’s requirements for current carrying performance at the specified temperature and magnetic field strength necessary for applications involving large rotating machines. This announcement of product validation by a specific potential customer completes another major step in the company’s commercialization path.
Following the announcement made on Feb 1 of the successful production of 2G HTS wire samples meeting the desired power transmission requirements specified by potential customers in three distinct markets (AC power transmission cable, Superconducting Fault Current Limiters (SFCLs) and wind turbine generators), the company on Feb 9, announced independent verification of the wire’s unprecedented in-field electrical current-carrying performance.
The independent testing of the company’s HTS wire was conducted at the Superconductor Technology Center at Los Alamos National Laboratory (LANL) and the published results indicate a breakthrough achievement in current capacity performance never before attained at the temperature of 65 Kelvin and within the specified magnetic fields ratings (Tesla rating) for superconductor fault current limiters, wind turbine generators, transmission wire for smart grid and industrial motors applications.
The Stock is currently trading at $3.65, 6 cents below the previous day close of $3.71. Volume of 1.24 million shares has been trade compared to the daily average of 1.41 million shares. The market capitalization of the stock stands at $99.34 million with beta of 2.62. The stock has 52 week range of $1.30-$4.19. Currently, the stock is trading above its 50 day & 200 day moving average of $2.58 & $1.85 respectively. It jumped 143.33% in last 3 month.
Superconductor Technologies Inc. is engaged in the research, development, manufacture and marketing of infrastructure products for wireless voice and data applications.
All Statements are just opinions and should not be viewed as advice
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