Guided Therapeutics Inc (OTCBB:GTHP) Hits A New Low

[[tagnumber 0]][[tagnumber 1]]The stock of Guided Therapeutics Inc (OTCBB:GTHP) has shown quite a bad chart performance since the beginning of the year. The ticker was sliding even before that, but now, it is doing so on increased volumes and the descent has become steeper.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company itself isn’t doing that badly. Last month brought some good news. First, the company announced that the FDA has agreed for a meeting in which to discuss the filing of an amended pre–market approval application for the company’s LuViva Advanced Cervical Scan and then on September 30 we got the news that [[tagnumber 6]]GTHP[[tagnumber 7]] has shipped four LuViva units as a part of a $14 million purchase order from the Turkish Ministry of Health.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This is great news, especially when we consider that G[[tagnumber 6]]T[[tagnumber 7]]HP hasn’t been doing that well with the revenues on a quarter–over–quarter and year–over year basis. Still, the financials don’t look that bad.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $2 million[[tagnumber 19]] [[tagnumber 18]]current assets: $3.3 million[[tagnumber 19]] [[tagnumber 18]]current liabilities: $4.8 million[[tagnumber 19]] [[tagnumber 18]]quarterly revenues: $103 thousand[[tagnumber 19]] [[tagnumber 18]]quarterly net loss: $1.7 million[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, the good news from last month and the rather decent financials didn’t stock [[tagnumber 6]]GTHP[[tagnumber 7]] from continuing its slide down the charts. Even the most recent press release didn’t have any positive effect on the company stock.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Instead, we saw the ticker drop to a new 52–week low. The last session before the weekend ended with a 17.96% loss for [[tagnumber 6]]GTHP.[[tagnumber 7]] As the ticker went on to close at $0.0443 we saw a total of 2.05 million shares change their owners and generated $87 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]GTHP[[tagnumber 7]] is still slipping today so it will be best if you do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]