Tech Sector Unusual Volume: Superconductor Technologies (NASDAQ:SCON), Covisint (NASDAQ:COVS), USA Mobility Inc. (NASDAQ:USMO), Local Corporation (NASDAQ:LOCM)

Superconductor Technologies, Inc. (NASDAQ:SCON) reported earlier in the week that its flag ship high temperature tolerant superconducting wires which are patented under the name of Conductus (R) has started seeing mass production with nine new customers having taken delivery of these wires. Superconductor Technologies, Inc. (NASDAQ:SCON) shares after opening at $3.44 moved to $3.81 on last trade day and at the end of the day closed at $3.73. Company price to sales ratio in past twelve months was calculated as 11.29 and price to cash ratio as 2.96. Superconductor Technologies, Inc. (NASDAQ:SCON) showed a positive weekly performance of 19.17%.

Covisint Corp logo Covisint Corp (NASDAQ:COVS)’s share price hit a new 52-week low during mid-day trading on Monday after Pacific Crest lowered their price target on the stock from $17.00 to $14.00, American Banking & Market News reports. Covisint Corp (NASDAQ:COVS) shares fell -2.25% in last trading session and ended the day on $6.96. Covisint Corp (NASDAQ:COVS) return on equity ratio is recorded as -39.30% and its return on assets is -23.20%. Covisint Corp (NASDAQ:COVS) yearly performance is -.

USA Mobility (NASDAQ:USMO) was upgraded by The Street from a “hold” rating to a “buy” rating in a research note issued on Monday, AnalystRatings.Net reports. USA Mobility Inc. (NASDAQ:USMO) shares moved up 9.75% in last trading session and was closed at $17.00, while trading in range of $15.56 – $17.14. USA Mobility Inc. (NASDAQ:USMO) year to date (YTD) performance is 20.06%.

Local Corp, (NASDAQ:LOCM) formerly Local.com Corporation, operates a local media advertising company that enables local businesses and consumers to find each other and connect. Local.com, operate online business with over 30 million monthly visitors, across over 100,000 Websites. Local Corporation (NASDAQ:LOCM) weekly performance is 17.26%. On last trading day company shares ended up $1.97. Local Corporation (NASDAQ:LOCM) distance from 50-day simple moving average (SMA50) is 21.47%. Analysts mean target price for the company is $3.67.

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