3 high-quality ASX 200 shares trading at 52-week lows right now

The recent sell-off may have created buying opportunities for these ASX 200 shares.

| More on:
Three rock climbers hang precariously off a steep cliff face, each connected to the other with the higher person holding on and the two below them connected by their arms and rope but not making contact with the cliff face.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Today has brought yet another punch for S&P/ASX 200 Index (ASX: XJO) shares, and these quality stocks haven't been immune to the market's pain.

The ASX 200 is down 0.08% right now, leaving it 9.5% lower than it was at the end of May. It has also tumbled 14% since the start of 2022.

But that might have created an opportune entry point for some high-quality ASX 200 shares. Here are three that hit their lowest price in more than a year on Wednesday.

3 quality ASX 200 shares trading at 12-month lows

Washington H Soul Pattinson and Co Ltd (ASX: SOL)

ASX 200 favourite Soul Patts has seen its share price hit a new 52-week low of $22.52 today despite no word from the investment house. That leaves it around 27% lower than it was at the start of the year.

The last time the market heard news from the nearly 120-year-old company was back in March when it announced its adjusted half-year profits had leapt 281%.

Blackmores Limited (ASX: BKL)

Another quality ASX 200 share slipping to a new 52-week low today is Blackmores. It reached a low of $65.00 in intraday trade.

Once again, the market hasn't heard news from the company since it released strong earnings for the first half. Though, it likely disappointed some by deciding not to provide guidance for the second half.

Today's slip might be due to broker Morgans' decision to lower its price target for the stock to $70.50.

The Blackmores share price has fallen 28% since the start of 2022.

Megaport Ltd (ASX: MP1)

Finally, ASX 200 tech share Megaport reached a new 52-week low of $4.79 earlier today.

The company's stock has struggled alongside the broader S&P/ASX 200 Information Technology Index (ASX: XIJ) this year. That's despite it reporting seemingly decent growth in its most recent trading update, released in April.

Megaport shares are nearly 73% lower year to date.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended MEGAPORT FPO and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Blackmores Limited and MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on 52-Week Lows

A man holds his head in his hands, despairing at the bad result he's reading on his computer.
52-Week Lows

5 ASX 200 stocks at 52-week lows

These shares are down in the dumps on Tuesday.

Read more »

A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements
52-Week Lows

Are Telstra shares a no-brainer for income after hitting a fresh 52-week low?

Let's see what analysts think of the telco giant's shares at this level.

Read more »

A man holds his head in his hands, despairing at the bad result he's reading on his computer.
Industrials Shares

Why is this ASX 200 stock crashing 16% to a 52-week low on Tuesday?

This stock is having a very red start to the week.

Read more »

A man with his back to the camera holds his hands to his head as he looks to a jagged red line trending sharply downward representing the ASX tech share sell-off today
52-Week Lows

3 ASX shares sinking to 52-week lows today

These ASX shares are having a bit of a nightmare this year.

Read more »

Young man sitting at a table in front of a row of pokie machines staring intently at a laptop. looking at the Crown Resorts share price
52-Week Lows

Star Entertainment share price crashes 26% upon return to trade

This is a new 52-week low.

Read more »

Rede arrow on a stock market chart going down.
Materials Shares

Core Lithium and 2 other ASX 200 lithium shares plunging to 52-week lows

Lithium stocks like Core are exploring new lows today.

Read more »

A man looks nervous as he inflates a balloon, scared it might pop.
Materials Shares

Arafura share price resets 52-week low after quarterly update

The rare earths explorer also announced the results of its share purchase plan today.

Read more »

A woman stands at her desk looking a her phone with a panoramic view of the harbour bridge in the windows behind her with work colleagues in the background.
Industrials Shares

APM shares rebound on Friday following 40% thrashing on weaker profit news

The international employment services company was punished for its 1H FY24 update.

Read more »