Notable 52-Week Lows of the Day 05/28: DO, DJSP, ERII, SURW
This report is a mid-day check of some of the more notable stocks that have hit a 52-week low. It is a brief list, and not meant to be a complete listing. No specific ratio is set.
52-Week Low:
52-Week Low:
- Diamond Offshore Drilling Inc. (NYSE: DO) low of $64.48. Shares of offshore drillers are tumbling today as well, as President Obama will scale back deep-water projects. Diamond Offshore has seen larger than average volume over the last week.
- DJSP Enterprises, Inc. (Nasdaq: DJSP) low of $5.78. DJSP is having a terrible, horrible, no good, very bad day today. Reported yesterday a Q1 EPS of $0.35, 5 cents worse than estimates. Revenues were $71.6 million vs. $71.1 million consensus. Management has a fairly bleak outlook. Downgraded by Maxim Group. Etc.
- Energy Recovery, Inc. (NYSE: ERII) low of $3.60. Broke through a $6.00 support level in early May, just ahead of their Q110 earnings release, and have been headed downward ever since.
- SureWest Communications (Nasdaq: SURW) low of $6.03. As was said in our Unusual 11 Mid-Day Movers today, the company reached a 52-week low today, of $6.03, as investors continue evaluation of recent news that the company will lay off 60 workers in order to save cash going forward as landline losses continue to hamper earnings.
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