So much for a recovery on the ASX today.
In lunchtime trading, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is up just 0.2%, after being up more than 1% earlier in the day. That came after US markets soared overnight, with the Dow Jones jumping 1.3%, the S&P 500 zooming 1.5% higher and the NASDAQ soaring 1.7%.
However, these 4 companies have seen their share price swoon lower…
DWS Ltd (ASX: DWS) saw its share price sink 5.1% to $1.20 despite no news from the IT company. Perhaps investors have fallen out of love with the technology services and consulting firm since DWS reported strong results in late August. At the current price, shares appear fairly cheap trading on a P/E ratio of 9.4x and paying a fully franked dividend yield of more than 8%.
Silver Mines Limited (ASX: SVL) share price fell 4.8% to $0.20, although they have still gone close to doubling since the start of this year. Silver Mines is developing the Bowdens Silver project near Mudgee, NSW, which is the largest undeveloped silver deposit in Australia according to the company. Silver Mines says it is fully funded for recommencement of activities at the mine. The Bowdens project was purchased from gold miner Kingsgate Consolidated Limited (ASX: KCN) earlier this year. However, until the company begins commercial production, the share price is likely to be volatile.
Reject Shop Ltd (ASX: TRS) share price swooned 3.6% to $10.12. The discount retailer has now seen its share price crash more than 33%, since hitting a 52-week high of $15.36 less than a month ago. As we wrote at the time, the lack of definite guidance for the year ahead appears to have spooked the market. The share price plunged 14% to $12.85 on August 24 as a result. It seems the discount variety department stores are also moving further into the Reject Shop's markets, creating more competition.
Japara Healthcare Ltd (ASX: JHC) share price fell 3% to $1.80, as the market still worries over the future of the aged care companies. Japara's share price has almost halved from its 52-week high of $3.45 set in November 2015. We covered their falls in more detail earlier this month here, and it's a brave investor who snaps up shares in Japara at current prices.
