In fact, a few unlucky shares have fallen to 52-week lows. Here's what you need to know:

The Godfreys Group Ltd (ASX: GFY) share price touched on a new multi-year low of 38.5 cents. Investors have been heading to the exits in their droves since the struggling and heavily indebted cleaning products retailer downgraded its profit guidance at the start of the month. Unfortunately I wouldn't expect to see its share price rebound higher any time soon. I struggle to see how the Godfreys brand will remain relevant for consumers in the current retail environment and believe its balance sheet could cause it significant problems in the future.

The Retail Food Group Limited (ASX: RFG) share price plunged to a multi-year low of $1.96 following its shock profit downgrade. Whilst negative media reports have weighed heavily on its shares in recent days, this profit downgrade appears to have been the final straw for a lot of shareholders. As cheap as its shares do look, I think it will be an uphill struggle for the company to return to its former glory. After all, there is a real danger that it could have trouble selling its franchises with all this negative news flow.

The Syntonic Ltd (ASX: SYT) share price plunged to a 52-week low of 1.9 cents on Tuesday after announcing the issue of approximately 250 million new shares following its $5 million placement. Not only was the placement highly dilutive to existing shareholders, but as these shares were issued at 2 cents each, many shareholders appear to have been quick to offload them this morning. I suspect this selling pressure could continue for some time to come, holdings its share price down for the medium term.

The post These 3 ASX shares just hit 52-week lows appeared first on The Motley Fool Australia.

Four shares going against the grain today and climbing higher are listed below. Here's why they are finishing the week with solid gains:

The Bellamy's Australia Ltd (ASX: BAL) share price is up 3.5% to $7.79 despite there being no news out of the infant formula company. Despite a strong run over the last few months, the Bellamy's share price is still down over 38% since this time last year.

The Domino's Pizza Enterprises Ltd. (ASX: DMP) share price has climbed 3.5% to $42.52. With its shares down over 21% in the last three months, it seems as though some bargain hunters are swooping in today. I think Domino's is great value at the current share price and would suggest investors consider a buy and hold investment in the pizza chain operator.

The Slater & Gordon Limited (ASX: SGH) share price has surged 7% to 7.6 cents. Earlier this week the embattled law firm announced its proposed transformation plan which will see significant cost reductions and structural changes. Approximately 7% of its Australian employees will be impacted. I would suggest investors continue to stay away from Slater & Gordon's shares for the time being.

The Syntonic Ltd (ASX: SYT) share price has rocketed 23% to 3.2 cents after the mobile platform and services company announced that its Freeway Overpass app has been made available on the Apple App Store. This gives its unlimited mobile access app an audience of over 140 million Verizon and AT&T customers in the United States.

The post Why these 4 ASX shares are ending the week with solid gains appeared first on The Motley Fool Australia.

In morning trade the mobile platform and services company's shares have rocketed higher by 27% to 3.3 cents.

Why are its shares higher?

This morning the company announced that its Freeway Overpass app has been made available on the Apple App Store.

This complements the Android launch onto the Google Play store in late June and initiates marketing campaigns to drive U.S. consumer awareness and adoption.

What is Freeway Overpass?

Freeway Overpass is the first cross-carrier, over-the-top, paid and sponsored, subscription service that offers unlimited mobile access for the most popular mobile content and applications.

The company believes that its service provides relief to mobile subscribers who regularly face bill shock due to exceeding data plan limits or those that pay more for a higher-tiered plan.

The Overpass service saves consumers' money by giving them the flexibility to choose unlimited access for the specific apps and content they want to use.

Subscription plans are offered as both sponsored and paid, with paid plans starting at US$0.99 per day.

According to today's release, the expansion onto the Apple App Store now means the company has an addressable audience of over 140 million Verizon and AT&T customers.

Should you invest?

Whilst I can't say I'm at all surprised to see its shares race higher today, I would suggest investors hold off an investment for the time being.

Freeway Overpass certainly has significant potential, but I think the prudent thing to do at this point is to wait and see if consumers use the service.

The research the company has done does point to there being strong demand for the service, but I'd prefer to wait and see the numbers at its next update.

Until then I would focus on other small-cap tech shares like Big Un Ltd (ASX: BIG) and Updater Inc (ASX: UPD).

The post Why the Syntonic Ltd share price rocketed 27% higher today appeared first on The Motley Fool Australia.