Ascent Solar Technologies (NASDAQ:ASTI) Trading Down 2.9% – Should You Sell?

Ascent Solar Technologies Inc. (NASDAQ:ASTI) shares were down 2.9% on Monday . The stock traded as low as $1.92 and last traded at $1.98. Approximately 462,266 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 1,018,392 shares. The stock had previously closed at $2.04.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Ascent Solar Technologies to a “sell” rating in a report on Saturday, August 9th.

Ascent Solar Technologies Trading Down 2.9%

The business has a fifty day moving average price of $2.09 and a 200 day moving average price of $1.83.

Ascent Solar Technologies (NASDAQ:ASTI) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($1.17) EPS for the quarter. The firm had revenue of $0.02 million during the quarter.

Institutional Trading of Ascent Solar Technologies

A hedge fund recently bought a new stake in Ascent Solar Technologies stock. Renaissance Technologies LLC acquired a new stake in shares of Ascent Solar Technologies Inc. (NASDAQ:ASTI) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,500 shares of the company’s stock, valued at approximately $51,000. Renaissance Technologies LLC owned 1.17% of Ascent Solar Technologies at the end of the most recent quarter. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

About Ascent Solar Technologies

Ascent Solar Technologies, Inc, a solar technology company, engages in the manufacture and sale of photovoltaic solar modules in the United States. The company markets and sells its products through OEMs, system integrators, distributors, retailers, and value-added resellers. It serves agrivoltaics, aerospace, satellites, near earth orbiting vehicles, and fixed wing unmanned aerial vehicles.