Stocks Hitting 52-Week Lows

Rally Software Development

shares tumbled 29.30% to reach a new 52-week low of $8.64 after the company reported downbeat fiscal first-quarter revenue and issued a weak revenue outlook. Rally Software reported an adjusted loss of $0.27 per share on revenue of $19.4 million. However, analysts were estimating a loss of $0.50 per share on revenue of $19.6 million. Alliance One International

shares fell 4.76% to touch a new 52-week low of $2.40. For the year ended March 31, 2014, Alliance One posted a net loss of $86.7 million, or $0.99 per share, versus a year-ago net income of $24.0 million, or $0.27 per share. Top Ships

shares fell 36.55% to reach a new 52-week low of $1.84 after the company announced the pricing of offering at $2 per share. Cyanotech

shares declined 1.32% to reach a new 52-week low of $4.50. Cyanotech shares have dropped 18.28% over the past 52 weeks, while the S&P 500 index has gained 18.08% in the same period.