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

The Catapult Group International Ltd (ASX:CAT) share price is one of four ending the week in the red. Here’s why…

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The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to make it two consecutive days of gains. In afternoon trade the index is higher by almost 0.2% to 5,724 points.

Unfortunately not all shares have been able to match the market today. In fact, four shares in particular are ending the week in the red. Here’s why:

The Catapult Group International Ltd (ASX: CAT) share price has fallen 4% to $1.63 a day after the sports analytics company released a disappointing full-year result. On Thursday Catapult reported a loss of $13.6 million on revenues of $60.8 million. Whilst I think it is an exciting company, I’m holding off an investment until it becomes profitable.

The Harvey Norman Holdings Limited (ASX: HVN) share price has continued to sink lower, this time by 4% to $3.91. The retailer’s shares have come under heavy selling pressure since it decided to cut its dividend despite posting a record profit of $448.98 million. Whilst its shares look dirt cheap now, I would suggest investors stay clear of the company due to Amazon’s launch in Australia looking imminent.

The Nextdc Ltd (ASX: NXT) share price has fallen 2.5% to $4.47 after there was another twist in the battle for control of Asia Pacific Data Centre Group (ASX: AJD). This morning 360 Capital Group Ltd (ASX: TGP) lifted its offer for shares in the data centre REIT that it does not already own to $1.95. This may now mean that NEXTDC has to lift its own offer accordingly to fend off 360 Capital.

The Stemcell United Ltd (ASX: SCU) share price has plunged almost 8% to 5.9 cents. After the market closed yesterday the medicinal cannabis hopeful released a preliminary report which revealed a $2.4 million loss from revenue of just $31,600. This might be one to avoid, unfortunately.

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Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. 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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