{"id":8353,"date":"2016-07-26T17:02:04","date_gmt":"2016-07-26T17:02:04","guid":{"rendered":"\/articles\/?p=8353"},"modified":"2016-07-26T17:14:45","modified_gmt":"2016-07-26T17:14:45","slug":"ascent-solar-technologies-inc-otcmktsasti-changes-direction","status":"publish","type":"post","link":"\/articles\/ascent-solar-technologies-inc-otcmktsasti-changes-direction\/","title":{"rendered":"Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) Changes Direction"},"content":{"rendered":"<p>tags: ASTI <\/p>\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\/93992\/asti_6m_450x350.png\" border=\"0\" \/>Ascent Solar Technologies, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASTI\">ASTI<\/a>) has had a pretty nasty time in the charts this year. The ticker was hovering well above the $1 per share mark during most of the first half of 2016, but managed to lose more than 95% of its value over the course of the past couple of months.<\/p>\n<p>&nbsp;<\/p>\n<p>Then <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASTI\">ASTI<\/a><\/strong> decided to exercise a 1-for-20 reverse split and it did so about a month and a half ago. Things didn&rsquo;t go any better after it and the ticker continued to slide down the charts even more vigorously. Meanwhile, the latest financial report does show that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASTI\">ASTI<\/a><\/strong> isn&rsquo;t doing all that well.<\/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: $15.7 million<\/li>\n<li>quarterly revenues: $710 thousand<\/li>\n<li>quarterly net loss: $10.5 million<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>To be fair, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASTI\">ASTI<\/a><\/strong> does manage to generate some decent revenues. The liabilities and the losses, however, are simply massive. Still, the market cap of the company has dropped significantly and now sits below $1 million, which is low even by OTC standards.<\/p>\n<p>&nbsp;<\/p>\n<p>It seems that investors have the same opinion as we see <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASTI\">ASTI<\/a><\/strong> gaining altitude fast in the past couple of sessions. Last week ended with a 23.08% gain and the ticker finished with a price of $0.04, while a total of 5.62 million traded shares generated $213 thousand in daily dollar volume.<\/p>\n<p>&nbsp;<\/p>\n<p>The company stock is still going strong today, but that doesn&rsquo;t mean that you should skip doing your due diligence and weighing out the risks before putting any money on the line.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>tags: ASTI Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) has had a pretty nasty time in the charts this year. The ticker was hovering well above the $1 per share mark during most of the first&#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":[],"class_list":["post-8353","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8353","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=8353"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8353\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=8353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=8353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=8353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}