Stocks Hitting 52-Week Lows

McMoRan Exploration Co MMR shares lost 22.80% to create a new 52-week low of $7.45. Analysts at RBC Capital downgraded McMoRan Exploration from “outperform” to “sector perform.” Primus Telecommunications Group PTGI shares fell 3.90% to touch a new 52-week low of $11.32. Primus Telecommunications' trailing-twelve-month ROE is -44.34%. Nidec NJ shares dropped 2.67% to create a new 52-week low of $15.67. Nidec shares have dropped 27.12% over the past 52 weeks, while the S&P 500 index has gained 17.66% in the same period. Acorn International ATV shares declined 14.72% to create a new 52-week low of $2.26. Acorn International entered into an Insurance Business Cooperation Agreement with Sino-US United MetLife Insurance Co.