These shares just tumbled to 52-week lows: Is it time to invest?

The Telstra Corporation Ltd (ASX:TLS) share price is one of three hitting a 52-week low on Tuesday. Is it time to invest?

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

With the All Ordinaries (Index: ^AXAO) (ASX: XAO) sinking notably lower today, it will come as little surprise to learn that a number of shares have touched on 52-week lows.

Three shares that have reached this unwanted milestone are listed below. Are they in the buy zone now?

The National Australia Bank Ltd (ASX: NAB) share price fell to a 52-week low of $27.00 on Tuesday. The banking sector has come under pressure this week after round three of the Royal Commission commenced with a focus on small business lending. With its shares now offering investors a trailing 7.3% dividend, I think it could be a great option for income investors that have little by way of exposure to the big four banks. However, its shares may remain more volatile than normal whilst the Royal Commission is ongoing.

The Retail Food Group Limited (ASX: RFG) share price continued its slide and hit a new 52-week low of 78.5 cents today. The embattled food and beverage franchisor has fallen out of favour with investors amid allegations it was treating its franchisees unfairly. This negative media coverage has led to concerns that its store network could shrink over the coming years as renewals and new franchise sales fall. However, the company has announced plans to enter the UK market with its Gloria Jean's brand today. The company advised that it intends to open 190 outlets in the country within the next decade. While this could be great news if it succeeds, I would still avoid Retail Food Group at all costs.

The Telstra Corporation Ltd (ASX: TLS) share price tumbled to a 52-week low of $2.71 this morning. Market sentiment continues to weaken for the embattled telco company following its recent trading update and mobile outage on Monday. Unfortunately, I suspect its share price may continue to be weighed down until there are signs that it will be able to maintain its 22 cents per share dividend in FY 2019. While I think Telstra is an attractive option, with sentiment so weak I'm not convinced it has bottomed just yet.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia owns shares of National Australia Bank Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »