Stocks Hitting 52-Week Lows - Telefonaktiebolaget L M (NASDAQ:ERIC)

Telefonaktiebolaget LM Ericsson ERIC shares fell 5.5 percent to touch a new 52-week low of $5.07 following quarterly results. Ericsson's operating profit declined to 0.3 billion Swedish crowns ($33.7 million), versus5.1 billion crowns in the year-ago quarter. Sales fell 14 percent to 51.1 billion in the quarter.
First NBC Bank Holding Company FNBC shares fell 12.2 percent to touch a new 52-week low of $7.95. First NBC Bank shares have dropped 74.15 percent over the past 52 weeks, while the S&P 500 index has gained 6.06 percent in the same period.
Skechers USA Inc SKX shares dropped 17.2 percent to reach a new 52-week low of $19.00 after the company reported downbeat results for its third quarter and issued a weak forecast for the fourth quarter.
Valvoline Inc VVV shares touched a new 52-week low of $21.78. JP Morgan and Longbow Research initiated coverage on Valvoline with Neutral rating.