Stocks Hitting 52-Week Lows
RetailMeNot (NASDAQ: SALE) shares tumbled 24.94% to touch a new 52-week low of $18.99 after the company reported Q2 earnings of $0.08 per share on revenue of $59.50 million. RBC Capital downgraded RetailMeNot from Outperform to Sector Perform and lowered the price target from $42.00 to $24.00.
Enzymotec (NASDAQ: ENZY) shares fell 36.38% to reach a new 52-week low of $9.53 after the company reported Q2 earnings of $0.02 per share and issued a weak FY14 earnings forecast.
Bloomin' Brands (NASDAQ: BLMN) shares dipped 19.81% to reach a new 52-week low of $15.89 after the company reported weaker-than-expected Q2 earnings and issued a downbeat Q3 forecast.
ChannelAdvisor (NYSE: ECOM) shares touched a new 52-week low of $17.55 on Q2 results.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.