The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) recovered from a poor start to finish the day slightly lower at 5,743 points.
Four shares which acted as a drag on the market today are listed below. Here's why they finished the week in the red:
The Automotive Holdings Group Ltd (ASX: AHG) share price finished the day almost 6% lower at $3.31 after posting a 38% decline in net profit after tax to $55 million. Competitive pressures, the restructuring of operations, and write-downs were largely behind the disappointing result.
The Bubs Australia Ltd (ASX: BUB) share price finished an eventful week with a 3% decline to 72 cents. Earlier this week Bubs saw its share price plunge a whopping 30% after management dismissed speculation that the infant formula and baby food company was a takeover target.
The Mayne Pharma Group Ltd (ASX: MYX) share price tumbled 5% to 67.5 cents following the release of its full-year results. Although the pharmaceutical company posted a whopping 149% increase in profit after tax to $86 million, investors continue to head for the exits amid concerns over pricing pressures in its major generic products division.
The OZ Minerals Limited (ASX: OZL) share price fell 5% to $8.50 a day after the release of its half-year results. Today's decline appears to be related to a couple of reasonably negative broker notes released this morning. I agree with their view and believe OZ Minerals' shares are overvalued.
