These 3 ASX shares just fell to 52-week lows: Is it time to snap them up?

It certainly has been a great day for the shareholders of Aristocrat Leisure Limited (ASX: ALL). Another strong half-year result from the gaming solutions company has taken its shares to an all-time high of $21.12.

Unfortunately, not all shares have fared so well. In fact, the three shares listed below have just fallen to 52-week lows. Are they bargain buys now?

The Catapult Group International Ltd (ASX: CAT) share price tumbled to a 52-week low of $1.64 this morning. The former market darling has come under heavy selling pressure since it released a disappointing quarterly update and capital raising at the start of the month. Whilst I think the company and its technology have enormous potential, I would hold off an investment until there is a notable improvement in its performance.

The Orion Health Group Ltd (ASX: OHE) share price has plunged 17% to an all-time low of 93.5 cents despite there being no news out of the eHealth software company. This latest decline means that its shares have fallen 78% in the last 12 months. While the company has a lot of promise, it expects to make a full-year net loss before tax of between $32 million and $38 million this year. I’m not sure I would class it as investment grade at this point in time.

The MMA Offshore Ltd (ASX: MRM) share price fell to a multi-year low of 18 cents today. The loss-making marine service provider has seen its shares come under significant pressure this year due to historically low vessel rates and utilisation impacting its earnings. Half-year revenue fell 55% to $119.7 million and unfortunately things aren’t expected to improve greatly in the second-half. Whilst the company could get a lift if OPEC decides to continue its oil production cuts, I would caution against an investment at this point in time.

Finally, whilst the shares above might not be ready for an investment, these high quality growth shares certainly are. I expect them to provide above-average returns over the next few years.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks means stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

If you're expecting to see the likes of Commonwealth Bank, Telstra and Wesfarmers shares on this list, you'll be sorely disappointed. Not only are their dividends growing at a snail's pace, their profits are under pressure too due to the increasing competitive environment.

The contrast to these "new breed" blue chips couldn't be greater... especially the very real prospect of significant share price gains, something that's looking less likely from the usual blue chip suspects.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

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.

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