Stocks Hitting 52-Week Lows
Fairway Group Holdings (NASDAQ: FWM) shares fell 27.73% to reach a new 52-week low of $8.26 after the company reported Q3 results and announced the retirement of its CEO Herbert Ruetsch. Credit Suisse downgraded the stock from Outperform to Underperform and cut the price target from $18.00 to $8.00.
Internet Initiative Japan (NASDAQ: IIJI) shares tumbled 17.29% to touch a new 52-week low of $9.47 after the company reported its consolidated financial results for the nine months of the fiscal year ending March 31, 2014.
Genpact (NYSE: G) shares touched a new 52-week low of $13.80 after the company issued a downbeat FY14 revenue forecast.
Intermolecular (NYSE: IMI) shares fell 4.35% to reach a new 52-week low of $3.85 after the company reported Q4 results.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.