{"id":8100,"date":"2016-06-17T17:02:03","date_gmt":"2016-06-17T17:02:03","guid":{"rendered":"\/?p=8100"},"modified":"2016-06-17T17:14:47","modified_gmt":"2016-06-17T17:14:47","slug":"ascent-solar-technologies-inc-otcmktsastid-keeps-dropping-down","status":"publish","type":"post","link":"\/articles\/ascent-solar-technologies-inc-otcmktsastid-keeps-dropping-down\/","title":{"rendered":"Ascent Solar Technologies, Inc. (OTCMKTS:ASTID) Keeps Dropping Down"},"content":{"rendered":"\n<p><img decoding=\"async\" style=\"color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93747\/asti_6m_450x350.png\" border=\"0\" \/>Ascent Solar Technologies, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASTI\">ASTI<\/a>) hasn&rsquo;t had all that great of a performance since the beginning of the year, but this month has been really bad. The company stock began sliding steeper down the charts and lost a massive amount of value over a very short period of time.<\/p>\n<p>&nbsp;<\/p>\n<p>The company stock has managed to record only two sessions in the green since the beginning of the month and has lost more than 80% of the value it had on June 1. The terrible performance of the stock was triggered by a 1-for-20 reverse split that was executed earlier this month in the day after it was announced.<\/p>\n<p>&nbsp;<\/p>\n<p>Meanwhile, the company itself isn&rsquo;t doing all that well according to its latest financial report.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>cash: $350 thousand<\/li>\n<li>current assets: $9.7 million<\/li>\n<li>current liabilities: $15.1 million<\/li>\n<li>revenues: $710 thousand<\/li>\n<li>net loss: $10.5 million<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Those are the numbers for the first quarter of the year and they certainly don&rsquo;t look very promising although they are better than the ones recorded in the same period last year. Nonetheless, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASTI\">ASTI<\/a>D<\/strong> is in a free-fall at this moment and it doesn&rsquo;t seem like anything can stop it.<\/p>\n<p>&nbsp;<\/p>\n<p>Yesterday the ticker dropped another 13.37% down the charts and closed at $0.085. A total of 1.40 million shares changed their owners and generated $120 thousand in daily dollar volume. <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASTI\">ASTI<\/a>D<\/strong> is still sliding down in today&rsquo;s session, so you better be sure to do your due diligence and weigh out the risks before putting any money on the line.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) hasn&rsquo;t had all that great of a performance since the beginning of the year, but this month has been really bad. The company stock began sliding steeper down the&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1973],"class_list":["post-8100","post","type-post","status-publish","format-standard","hentry","category-news","tag-asti"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=8100"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8100\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=8100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=8100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=8100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}