Why these 4 ASX shares crashed lower today

The Ainsworth Game Technology Limited (ASX:AGI) share price is one of four crashing lower today. Here's why…

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The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has followed the lead of international markets and is notably higher in afternoon trade. At the time of writing the benchmark index is up 0.5% at 6,013 points.

Four shares which haven't been able to follow the market higher today are listed below. Here's why they have crashed lower:

The Ainsworth Game Technology Limited (ASX: AGI) share price has continued to sink lower, this time by a further 8% to $1.99. Yesterday the gaming technology company provided the market with a weak trading update at its annual general meeting. I would avoid Ainsworth for the time being.

The Collins Foods Ltd (ASX: CKF) share price has sunk 5.5% to $5.90 after releasing a weak half-year result. Despite sales increasing strongly, the KFC operator delivered just a 3.7% lift in underlying net profit excluding one-off costs.

The SEEK Limited (ASX: SEK) share price has fallen almost 2.5% to $18.95 on the day of its annual general meeting. Although the company reported that its EBITDA growth year-to-date was ahead of expectations, it also advised that its net interest expense was higher than expected due to higher debt on Zhaopin's balance sheet.

The Slater & Gordon Limited (ASX: SGH) share price has plunged 21% to 4.1 cents after the embattled law firm reminded shareholders how dilutive the recapitalisation process would be. Management appeared to be concerned that shareholders didn't fully understand after its shares rallied 39% higher on Tuesday.

Motley Fool contributor James Mickleboro owns shares of Collins Foods Limited and SEEK 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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