Stocks Hitting 52-Week Lows
McMoRan Exploration Co (NYSE: 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 (NYSE: 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 (NYSE: 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 (NYSE: 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.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.