Why these 4 ASX shares are ending the week in the red

The Slater & Gordon Limited (ASX:SGH) share price is one of four ending the week in the red. Here's what you need to know…

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It has been a solid finish to the week for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the index is up 0.6% to 5,772 points.

Unfortunately not all shares have followed the market higher today. Here's why these four shares are ending the week in the red:

The Audio Pixels Holdings Ltd (ASX: AKP) share price has tumbled 4% to $20.23. This is the second day in a row of declines and means that the digital speaker developer's shares have now given back a sizeable junk of Tuesday's massive gain. Its shares rocketed 22% higher that day after it announced that it had completed the development of a production process for the critical points of contact layers of its micro-electromechanical structures.

The Countplus Ltd (ASX: CUP) share price has plunged 15% to 50 cents after the accounting company updated the market on its extensive strategic review and subsequent changes to its dividend policy. The company plans to revise its dividend policy to move from quarterly to half-yearly dividend payments and will aim to pay out approximately 40% to 70% of maintainable net profit after tax and minority interests.

The St Barbara Ltd (ASX: SBM) share price has dropped over 5% to $2.69. The majority of Australia's gold miners have sunk lower today after the spot gold price fell overnight. At present the spot gold price is fetching US$1,217.92 an ounce, down slightly since yesterday. But judging by the sell-off today, many investors appear to believe it could fall a lot further from here.

The Slater & Gordon Limited (ASX: SGH) share price has fallen 6.5% to 8.6 cents. Today's decline is likely to be a spot of profit taking in my opinion. After all, its shares did rally significantly higher earlier in the week after announcing that it has agreed to a settlement with disgruntled shareholders. I would suggest investors continue to stay clear of the embattled law firm, no matter how cheap it appears.

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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