Market Overview

Stocks Hitting 52-Week Lows

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Sparton Corp. (NYSE: SPA) shares fell 10.98% to touch a new 52-week low of $20.27. Sparton reported Q2 earnings of $0.16 per share on sales of $85.6 million.

RadiSys Corporation (NASDAQ: RSYS) shares dropped 25.08% to touch a new 52-week low of $1.8730 after the company reported downbeat Q4 results. Needham downgraded Radisys from Buy to Hold.

Powell Industries, Inc. (NASDAQ: POWL) shares slipped 11.31% to reach a new 52-week low of $37.31 after the company reported downbeat Q1 results and lowered its FY15 outlook.

Cache Inc. (NASDAQ: CACH) shares dropped 44.49% to reach a new 52-week low of $0.0272. Cache filed for Chapter 11 bankruptcy.

Posted-In: 52-Week LowsNews Movers & Shakers Intraday Update Markets

 

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