Ascent Solar Technologies (NASDAQ:ASTI) Releases Quarterly Earnings Results

Ascent Solar Technologies (NASDAQ:ASTI) posted its quarterly earnings results on Monday. The company reported ($0.62) earnings per share for the quarter, Zacks reports.

Ascent Solar Technologies Stock Up 4.9%

Shares of NASDAQ:ASTI traded up $0.08 during trading on Monday, reaching $1.70. The stock had a trading volume of 130,859 shares, compared to its average volume of 937,218. The stock has a fifty day simple moving average of $2.08 and a two-hundred day simple moving average of $1.96. Ascent Solar Technologies has a 52 week low of $1.10 and a 52 week high of $4.41. The firm has a market capitalization of $5.91 million, a price-to-earnings ratio of -0.46 and a beta of 3.52.

Wall Street Analysts Forecast Growth

ASTI has been the subject of several research reports. Wall Street Zen upgraded Ascent Solar Technologies to a “sell” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ascent Solar Technologies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Ascent Solar Technologies Company Profile

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.