Wednesday, August 29, 2012

Baidu.com Slump 5% (GENE, AONE, BPT, ASTI, BIDU)

Genetic Technologies Limited (ADR) (NASDAQ:GENE) stock soared 27.24% to $3.97. The company announced that no final dividend was declared for fiscal 2012. The 52 week trading range for the company is $2.29 - $7.45. The company is engaged in a diagnostic product business.

Can GENE Continue To Move Higher? Find Out Here

A123 Systems, Inc. (NASDAQ:AONE) shares declined 3.92% to $0.301 in the early hour. The company last week received notice from the Nasdaq that its stock price is too low for exchange standards and will be delisted if it does not recover to $1 in the next six months. The company has until February 19 to increase its share price back to $1, which it breached more than a month ago.

BP Prudhoe Bay Royalty Trust (NYSE:BPT) stock declined 6.38% to $87.50. The 52 week trading range for the company is $82.58 - $129.49. The shares of the company declined 21% in the last one year. BPT is a grantor trust. The Trust was formed for the purpose of owning and administering an overriding royalty interest (the Royalty Interest). The Royalty Interest is a non-operational interest in minerals.

Can BPT Recover? Get Free Trend Analysis

Ascent Solar Technologies, Inc. (NASDAQ:ASTI) shares fell 5.65% to $1.67 in the early hour. The company, on August 20, regained compliance with the Nasdaq Stock Market Listing Rules that require maintenance of a minimum $1.00 bid price.

On August 17, 2012, the Company received notification from The Nasdaq Listing Qualifications department that the Company had regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) after maintaining a closing bid price equal to or in excess of $1.00 for a minimum of ten consecutive trading days and that the Company's noncompliance with that rule, as announced on October 13, 2011, had been rectified.

Baidu.com, Inc. (ADR) (NASDAQ:BIDU) stock dropped 4.29% to $115.44. Piper Jaffray reissued their overweight rating on shares of Baidu.com in a research report released this week. Piper Jaffray currently has a $200.00 price target on the stock. On average, analysts predict that Baidu.com will post $4.68 earnings per share for the current fiscal year.

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