Stocks Hitting 52-Week Lows

Cyan CYNI shares touched a new 52-week low of $2.19 after the company announced a proposed $50 million offering of convertible senior secured notes and warrants to purchase common stock. BPZ Resources BPZ shares tumbled 45.69% to reach a new 52-week low of $0.19 after the company announced the engagement of advisors and formation of a special committee of the Board of Directors to evaluate strategic alternatives. Wunderlich downgraded BPZ Resources from Buy to Sell. Kirby KEX shares touched a new 52-week low of $88.79. BB&T Capital downgraded Kirby from Buy to Hold. Ceragon Networks CRNT shares fell 1.96% to touch a new 52-week low of $1.00. Ceragon Networks' PEG ratio is -0.13.