The Waltham, Mass. based A123 Systems, Inc (NASDAQ:AONE) stock fell over 13% before Wednesday’s opening bell following Wunderlich Securities report that the struggling electric vehicle battery maker’s assure of latest technology down the road was not be sufficient to keep it afloat in long term.
The corporation reported on Tuesday that it had developed new lithium ion technology able of operating in extreme heat or cold. Heat produced by powerful, next-generation batteries are one of the major obstacles in developing cars that do not use fossil fuels.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Valence Technology, Inc. (NASDAQ:VLNC) fell -1.87% to settle at $0.52, Exide Technologies (NASDAQ:XIDE) moved up +2.73% to end at $3.01 while EnerSys (NYSE:ENS) plunged -2.50% to finish on Wednesday at $32.03.
A123 Systems, Inc. (NASDAQ:AONE) on June 13, 2012 decreased -13.29% to the closing price of $1.37. The overall volume in the last trading session was 13.30 million shares. Its fifty two week range was $0.82-$5.91. The total market capitalization remained $201.39 million.
AONE is ahead its 52 week low with +67.07% and lagging behind from its 52 week high price with -76.82%. AONE last month stock price volatility remained 12.09%. In its share capital AONE has 146.86 million outstanding shares among them 122.02 million shares have been floated in market exchange. AONE stock institutional ownership remained 58.82% while insider ownership included 2.60%.
The stock price of AONE is moving forward from its 20 days moving average with +35.11% and remote positively from 50 days moving average with +36.45%. AONE current year earnings per share experienced a downfall of -45.01% while its current quarter performance remained -13.29%.
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