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

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to have a solid finish to the week and is up 0.3% to 5,995 points.

Four shares unable to follow the market higher are listed below. Here’s why they are ending the week in the red:

The APA Group (ASX: APA) share price has tumbled almost 5% to $8.93 after Goldman Sachs downgraded it to a sell rating. The broker has made the move on the back of slowing growth and regulatory risk. Goldman has placed a 12-month target price of $8.30 on APA Group’s shares.

The Japara Healthcare Ltd (ASX: JHC) share price is down 2% to $2.15 after Dow Jones announced that it would be removed from the S&P/ASX 200 at the next quarterly rebalance. Fellow aged care operator Regis Healthcare Ltd (ASX: REG) and financial services company FlexiGroup Limited (ASX: FXL) were also ejected from the index.

The Nufarm Limited (ASX: NUF) share price is down 3% to $8.45 following the release of yesterday’s disappointing trading update. Management expects first half earnings before interest and tax to be between $70 million and $80 million, which is lower than the prior corresponding period’s EBIT of $85 million.

The St Barbara Ltd (ASX: SBM) share price has fallen almost 4% to $3.26. Considering the gold miner’s shares hit a 52-week high this week, today’s decline is likely to be a case of profit taking. Investors appear to have been pleased with St Barbara’s investment in promising upstart Catalyst Metals Ltd (ASX: CYL).

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Motley Fool contributor James Mickleboro has no position in any of the 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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