PositiveID Corp (OTCMKTS:PSID) Hits Another 52-Week Low

[[tagnumber 0]][[tagnumber 1]]PositiveID Corp (OTCMKTS:PSID) has been sliding down the charts for quite some time now and it doesn’t seem like the ticker is going to change direction anytime soon, despite the amount of value that it has lost. In fact, the last month has shown an increase in volumes which might suggest that more and more people who were there for the long run are trying to get out before incurring further losses.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This, of course, has given ample opportunity for shorters, so there is still a way to profit from [[tagnumber 6]]PSID.[[tagnumber 7]] Meanwhile, the company has reached a rather low market cap, especially when you compare it to the results for the fiscal 2015 and the numbers contained in the balance sheets of other OTC marketplace entities.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $173 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $2.94 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $13.64 million[[tagnumber 13]] [[tagnumber 12]]annual revenues: $2.94 million[[tagnumber 13]] [[tagnumber 12]]net loss: $11.4 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those numbers are not exactly comforting, but [[tagnumber 6]]PSID[[tagnumber 7]] has increased the revenues that it has generated. Unfortunately, the net loss has also gone up and the company has managed to pick quite a bit of debt along the way.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker did manage to record a few green sessions after some optimistic press releases came out in the end of last month, but that was short–lived and we saw [[tagnumber 6]]PSID[[tagnumber 7]] slide back into trading below the 1 cent per share mark fairly quickly.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Yesterday we saw [[tagnumber 6]]PSID[[tagnumber 7]] drop to a new 52–week low on increased volume. The ticker lost 12.59% of value and dropped all the way to $0.0075 while a total of 19.36 million shares changed their owners and generated $155 thousand in daily dollar volume.[[tagnumber 2]]