Business doesn’t seem to be picking up, with orders declining and insiders mainly selling their shares—some even in quite significant amounts. It’s completely understandable that the share price is dropping, as investors who have to rely on these press releases and other weaker signals want to lower their risk, meaning they’re selling the stock.
Tekova has been compared to Lehto, perhaps somewhat undeservedly, but heavy insider selling combined with those declining sales might evoke unpleasant memories for some investors about how things ultimately played out with Lehto.