NEW YORK ( TheStreet) -- Shares of Ascent Solar Technologies (Nasdaq: ASTI) were gapping down Friday morning with an open price 12.9% lower than Thursday's closing price. The stock closed at $2.87 Thursday and opened today's trading at $2.50. The average volume for Ascent Solar has been 314,900 shares per day over the past 30 days. Ascent Solar has a market cap of $94.9 million and is part of the technology sector and electronics industry. Shares are down 14.6% year to date as of the close of trading on Thursday. Ascent Solar Technologies, Inc., a development stage company, focused on commercializing flexible photovoltaic (PV) modules using its proprietary technology. The company has a P/E ratio of 2.6, below the S&P 500 P/E ratio of 16.4. TheStreet Ratings rates Ascent Solar as sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Ascent Solar Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.
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