Ascent Solar Technologies (NASDAQ:ASTI) Trading Up 12.4% – Still a Buy?

Ascent Solar Technologies Inc. (NASDAQ:ASTI)’s stock price was up 12.4% during trading on Monday . The company traded as high as $4.24 and last traded at $4.08. Approximately 1,188,471 shares traded hands during mid-day trading, an increase of 78% from the average daily volume of 668,540 shares. The stock had previously closed at $3.63.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Ascent Solar Technologies in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Ascent Solar Technologies Price Performance

The stock has a market cap of $38.60 million, a price-to-earnings ratio of -1.23 and a beta of 1.28. The stock’s 50-day moving average is $5.43 and its 200 day moving average is $3.90.

Ascent Solar Technologies (NASDAQ:ASTI) last announced its quarterly earnings data on Friday, March 20th. The company reported ($0.40) EPS for the quarter. The firm had revenue of $0.02 million during the quarter. Ascent Solar Technologies had a negative net margin of 10,041.03% and a negative return on equity of 261.07%.

Institutional Investors Weigh In On Ascent Solar Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of Ascent Solar Technologies by 87.7% during the 4th quarter. Geode Capital Management LLC now owns 26,938 shares of the company’s stock valued at $111,000 after acquiring an additional 12,588 shares during the period. Founders Financial Securities LLC acquired a new stake in shares of Ascent Solar Technologies during the 3rd quarter valued at approximately $34,000. Cetera Investment Advisers acquired a new stake in shares of Ascent Solar Technologies during the 4th quarter valued at approximately $89,000. Jane Street Group LLC acquired a new stake in shares of Ascent Solar Technologies during the 4th quarter valued at approximately $116,000. Finally, MYDA Advisors LLC acquired a new stake in shares of Ascent Solar Technologies during the 4th quarter valued at approximately $206,000. 10.55% of the stock is currently owned by institutional investors and hedge funds.

Ascent Solar Technologies Company Profile

Ascent Solar Technologies, Inc (NASDAQ:ASTI) develops and manufactures thin-film photovoltaic modules based on copper indium gallium selenide (CIGS) semiconductor technology. Designed for lightweight, flexible and durable integration, Ascent Solar’s products are well-suited to mobile and off-grid applications where conventional rigid panels are impractical. The company’s portfolio includes both rollable and laminate modules that can be bonded onto a variety of surfaces, from textiles and curved structures to aerospace platforms.

Ascent Solar’s modules target a diverse set of end markets, including military and defense sectors, unmanned aerial vehicles (UAVs), consumer electronics, automotive and building-integrated photovoltaics (BIPV).