Stock Market Watch

A Few NASDAQ Stocks on the Move: ASTI, EGHT, MOTR, and TNCC

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Ascent Solar Technologies, Inc. (NASDAQ:ASTI) has traded as high as $1.10 during today’s trading session and last traded at $1.04 for a gain of 22.35% from yesterday’s close. ASTI shares have traded as high as $3.75 over the past 52 weeks, which is over 72% off that high at last traded stock price. Get my next ALERT 100% FREE

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life. Ascent Solar modules can be directly integrated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Additional information can be found at www.ascentsolar.com.

8×8, Inc. (NASDAQ:EGHT) has traded as high as $4.44 during today’s trading session and last traded at $4.23 for a gain of 24.05% from yesterday’s close. EGHT shares have traded as high as $5.44 over the past 52 weeks, which is over 22% off that high at last traded stock price.


EGHT, provider of innovative business communications and cloud computing solutions, today reported record financial results for the third quarter of fiscal 2012, the period ended December 31, 2011.

Total revenue for the third quarter of fiscal 2012 was $23.3 million, a 31% increase compared to the same period last year and a 17% sequential increase compared to revenue of $19.8 million in the prior quarter. Total revenue from business customers, including hosted communications service revenue as well as cloud data revenue, grew 42% year-over-year and represented 93% of total revenue.

Net income for the third quarter grew 73% vs. the same period last year to $2.6 million or $0.04 per share. Operating income was $2.6 million in the third quarter of fiscal 2012, an 80% increase compared to $1.4 million in the same period last year. Depreciation, amortization and stock-based compensation expenses were approximately $385,000, $357,000 and $418,000, respectively.

Motricity, Inc (NASDAQ:MOTR) has traded as high as $1.06 during today’s trading session and last traded at $.99 for a gain of 20.73% from yesterday’s close. MOTR shares have traded as high as $23.09 over the past 52 weeks, which is nearly 96% off that high at last traded stock price.

MOTR announced today that it has taken significant steps to reorganize the company in order to capitalize on changing customer and market conditions. As part of the realignment, the Company has decided to close its operations in Asia. This shift will enable Motricity to concentrate efforts on the burgeoning opportunity the Company sees in the mobile advertising and enterprise space, while continuing to provide focused service to the largest carriers in North America.

In addition to hiring sales resources to focus on market opportunities in North America and expand its penetration into carriers, the Company is also investing in product development. Work is underway on the next version of products designed to expand Motricity’s current suite of solutions and services.

Tennessee Commerce Bancorp, Inc. (NASDAQ:TNCC) has traded as high as $.42 during today’s trading session and last traded at $.34 for a gain of 22.3% from yesterday’s close. TNCC shares have traded as high as $5.38 over the past 52 weeks, which is 93.6% off that high at last traded stock price.

Tennessee Commerce Bancorp, Inc. is the parent company of Tennessee Commerce Bank (the “Bank”). The Bank provides a wide range of banking services and is primarily focused on business accounts. Its corporate and banking offices are located in Franklin, Tennessee. The Company’s common stock is traded on the NASDAQ Global Market under the symbol “TNCC.” Additional information about Tennessee Commerce Bancorp, Inc. and Tennessee Commerce Bank can be accessed at www.tncommercebank.com.

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Post Written By: Oliver Crowne

Oliver Crowne is the main editor for http://www.StockPreacher.com


Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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