Ascent Solar Technologies (NASDAQ:ASTI) Stock Price Down 6.2% – Time to Sell?

Ascent Solar Technologies Inc. (NASDAQ:ASTI) shares fell 6.2% during mid-day trading on Tuesday . The stock traded as low as $2.16 and last traded at $2.27. 212,087 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 1,045,444 shares. The stock had previously closed at $2.42.

Analysts Set New Price Targets

ASTI has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ascent Solar Technologies in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of Ascent Solar Technologies to a “sell” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ascent Solar Technologies currently has an average rating of “Sell”.

Ascent Solar Technologies Stock Performance

The stock’s 50 day simple moving average is $2.04 and its 200-day simple moving average is $1.84.

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

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.