Stocks Hitting 52-Week Lows
Hi-Crush Partners LP (NYSE: HCLP) shares touched a new 52-week low of $22.921. Jefferies downgraded Hi-Crush Partners from undefined to Hold and lowered the price target to $26.00.
Alon Blue Square Israel Ltd (NYSE: BSI) shares dropped 21.30 percent to reach a new 52-week low of $1.33 after the company announced the court approval of creditor arrangement for its Mega Retail subsidiary.
Rovi Corporation (NASDAQ: ROVI) shares declined 20.75 percent to reach a new 52-week low of $13.90 after the company issued an update on ongoing litigation against Netflix, Inc. (NASDAQ: NFLX). KeyBanc downgraded Rovi from Overweight to Sector Weight.
Garmin Ltd. (NASDAQ: GRMN) shares touched a new 52-week low of $41.438 after the company issued a weak earnings forecast.
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