Why these 3 ASX shares just hit 52-week lows

The Domino's Pizza Enterprises Ltd. (ASX:DMP) share price is one of three to have just hit a new 52-week low. Here's why…

| 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

Thanks to the rally in the financial and information technology sectors yesterday, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on the verge of hitting a new 52-week high.

Unfortunately not all shares on the market have followed suit. In fact, three shares in particular have just sunk to their lowest levels in the last 12 months. Here's why:

The Domino's Pizza Enterprises Ltd. (ASX: DMP) share price hit a 52-week low of $52.18 yesterday after the release of its half-year results. Despite reporting a 30.8% jump in half-year profits, its shares tumbled over 14%. Following the sell-off its shares are now changing hands at 40x trailing earnings. I believe this could be a reasonably good entry price for buy and hold investors.

The Integral Diagnostics Ltd (ASX: IDX) share price hit a 52-week low of $1.04 yesterday. The diagnostic imaging services provider's shares have come under heavy selling pressure since the company's AGM in November. At the meeting management advised that half-year earnings are likely to be 10% lower than the same period in FY 2016. I would stay clear of Integral Diagnostics until its performance shows signs of improvement.

The OrotonGroup Limited (ASX: ORL) share price hit a 52-week low of $1.52 during Wednesday's trade. Yesterday's decline means that the retailer's shares have now fallen by around 30% since mid-January. Its shares started their decline when management advised that aggressive discounting and a weak women's range meant like-for-like sales had fallen a massive 10% so far in the first half of its fiscal year. Despite how cheap its shares might look now, I would suggest investors avoid Oroton and focus on other retail shares instead.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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 Bruce Jackson.

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

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 »