Stocks Hitting 52-Week Lows

Otelco Inc OTEL shares fell 7 percent to touch a new 52-week low of $3.80. Otelco shares have dropped 9.11 percent over the past 52 weeks, while the S&P 500 index has declined 1.52 percent in the same period. Comtech Telecomm. Corp. CMTL shares dropped 13.72 percent to touch a new 52-week low of $13.90. Comtech priced its 7.145 million share offering at $14.00 per share. Synaptics, Incorporated SYNA shares reached a new 52-week low of $54.54. Synaptics announced plans to reduce workforce by 160 jobs, according to form 8-K. Pure Storage Inc PSTG shares fell 2.79 percent to touch a new 52-week low of $9.74. Pure Storage's PEG ratio is -0.24.