Energy Conversion Devices Stock Gaps Down On Today's Open (ENER)

NEW YORK ( TheStreet) -- 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 Monday and opened today's trading at 42 cents.

The average volume for Energy Conversion Devices has been 2.3 million shares per day over the past 30 days. Energy Conversion Devices has a market cap of $52.2 million and is part of the technology sector and electronics industry. Shares are up 622.8% year to date as of the close of trading on Monday.

Energy Conversion Devices, Inc., through its subsidiaries, designs, manufactures, sells, and installs thin-film solar laminates that convert sunlight to renewable energy. It operates in two segments, United Solar Ovonic and Ovonic Materials.

TheStreet Ratings rates Energy Conversion Devices as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Energy Conversion Devices 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.
null