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Ascent Solar drops in pre-market on news of a new public stock offering
5/16/2008 9:29 AM ET
(RTTNews) -
Shares of Ascent Solar Technologies Inc. (ASTI: News, Chart, Quote ) dropped during Friday's pre-market after the company announced it was making a public offering of more shares.
At 9:24 am ET the stock is trading at $15.04 down $0.85 from Thursday's close.
With the decline, the stock stands to open below its 200-day moving average.
The company said it priced the public offering of 3.8 million shares of its common stock for $14.00 per share, before deducting underwriting discounts and commissions.
by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com
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