On Thursday, Shares of Superconductor Technologies, Inc. (NASDAQ:SCON), included 151.91% and shut at $3.30 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $1.30 and $4.50. The business’ commercial center capitalization is $10.92 million with the aggregate fabulous loads of 3.35 million. Superconductor Technologies Inc. (STI) (SCON) stated financial results for the quarter ended Oct.1, 2016.
“In the third quarter, STI’s HTS wire program focused on demonstrating our market leading critical current performance when using our strengthened wire template,” stated Jeff Quiram, STI’s president and chief executive officer. “We significantly improved our Conductus® wire performance during the quarter, attaining about 80% of our aim while maintaining our target properties for mechanical strength. Once the full specification is achieved, we plan to ship wire promptly to key customers to complete existing qualification orders.
“Increasing wire demand continues to foster industry and government support for HTS wire manufacturing. The US Department of Energy has declared it plans to grant funds later this year to accelerate the development of enabling technologies for next generation machines. An industry leading manufacturer of generators and motors and two renowned academic institutions have joined with STI in submitting a proposal to the DOE entitled ‘Process Innovations for HTS Wire Manufacturing’. We continue to be approached by customers pursuing new market opportunities, many of which require a quantity of wire that exceeds our existing annual manufacturing capacity. This ongoing activity, together with new orders for qualification and demonstration projects, gives us confidence that the market opportunity continues to be attractive.
Specialized assessment: During the fifty two-week exchanging session the negligible rate at which extent cost exchanged, enrolled at $1.16 and came to max level of $4.80. The EPS of organization is walking around -5.38.
Shares of FMC Technologies, Inc. (NYSE:FTI), added 0.32% and shut at $34.92 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $34.42 and $35.01. The association’s commercial center capitalization is $8.02 Billion with the general uncommon loads of 225.70 million. Tesoro Corporation (TSO) declared that William H. Schumann, III, has been elected to the Company`s Board of Directors, effective November 11, 2016.
Mr. Schumann served as Executive Vice President of FMC Technologies (FTI), a global provider of technology solutions for the energy industry, from 2007 until his retirement in 2012. Before that, he held various administration positions of increasing responsibility during his 31-year career at FMC and its predecessor, FMC Corporation, counting Executive Vice President and Chief Financial Officer; Vice President, Corporate Development; and Vice President and General Manager, Agricultural Products Group.
“Bill`s financial expertise and global operations experience will be valuable to the Board as we focus on executing our strategy and driving long-term growth,” said Greg Goff, Chairman, President and CEO of Tesoro. “We are happy to welcome Bill and expect him to make many valuable contributions to our Board.”
Specialized examination: All through the fifty two-week exchanging session the negligible expense at which extent cost exchanged, enlisted at $22.30 and came to max level of $35.74. The EPS of association is by walking at 0.52.