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Market Overview

Stocks Hitting 52-Week Lows

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Flexion Therapeutics Inc (NASDAQ: FLXN) shares fell 12.26 percent to touch a new 52-week low of $8.52. Flexion reported FY15 loss of $(2.15) per share.

Qualstar Corporation (NASDAQ: QBAK) shares fell 4.39 percent to touch a new 52-week low of $0.440. Qualstar shares have tumbled 69.33 percent over the past 52 weeks, while the S&P 500 index has dropped 3.11 percent in the same period.

InfraREIT Inc (NYSE: HIFR) shares dropped 5.03 percent to reach a new 52-week low of $14.34. InfraREIT postponed the purchase of ROFO projects due to recent market conditions. Macquarie downgraded InfraREIT from Outperform to Neutral.

Ooma Inc (NYSE: OOMA) shares touched a new 52-week low of $5.62. Ooma reported a Q4 loss of $(0.10) per share on revenue of $24.3 million. Credit Suisse maintained Ooma with a Outperform and lowered the price target from $13.00 to $12.00.

 

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

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