Energy Conversion Devices Stock Hits New 52-Week Low (ENER)
Energy Conversion Devices (Nasdaq:ENER) hit a new 52-week low Tuesday as it changed hands at $3.75 compared with its previous 52-week low of $3.76. Energy Conversion Devices is currently trading at $3.75 with 847,482 shares changing hands as of 2:31 p.m. as compared to the average daily trading volume of 1.5 million.
NEW YORK ( TheStreet) -- Energy Conversion Devices (Nasdaq: ENER) hit a new 52-week low Tuesday as it traded at $3.75 compared with its previous 52-Week low of $3.76. Energy Conversion Devices is changing hands at $3.75 with 847,482 shares traded as of 2:31 p.m. ET. Average volume has been 1.5 million shares over the past 30 days. Energy Conversion Devices has a market cap of $214 million and is part of the technology sector and electronics industry. Shares are down 14.8% year to date as of the close of trading on Monday. Energy Conversion Devices, Inc. engages in the design, manufacture, and sale of photovoltaic (PV) products. The company operates in two segments, United Solar Ovonic and Ovonic Materials. TheStreet Ratings rates Energy Conversion Devices as sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full Energy Conversion Devices Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.
Shares of Energy Conversion Devices (Nasdaq:ENER) were gapping down Tuesday morning with an open price 71.2% lower than Monday's closing price. The stock closed at $1.46 yesterday and opened today's trading at 42 cents.