If you're aiming to buy low and sell high, then it makes infinite sense to start your search with bargain-priced stocks. Regularly reviewing a list of stocks trading near their 52-week lows can be a great first step.
In this series, I do the initial legwork for you. To prevent us from being inundated with scores of disparate companies, I conduct my search by industry. This allows us to make some initial comparisons among semi-related companies.
Today, let's look at the computers and peripherals sector. Below are the seven stocks that are within 25% of their 52-week lows and have market caps above $200 million.
|
Company |
Recent Price |
52-Week Low |
52-Week High |
P/E Ratio (Trailing) |
|---|---|---|---|---|
|
Smart Technologies |
$3.57 | $3.51 | $13.52 | 5.0 |
|
Avid Technology |
$6.37 | $6.33 | $23.35 | NM |
|
Imation |
$6.92 | $6.35 | $12.36 | NM |
|
China Digital TV |
$3.92 | $3.48 | $9.49 | 6.1 |
|
Western Digital |
$27.30 | $22.64 | $41.87 | 8.4 |
|
Electronics for Imaging |
$15.31 | $12.64 | $19.17 | 31.0 |
|
QLogic |
$14.55 | $11.95 | $18.83 | 10.7 |
Sources: S&P Capital IQ and Yahoo! Finance. NM = not meaningful.
Smart Technologies, a digital whiteboard maker, is hugging its 52-week low and trading for just five times trailing earnings due to investor concerns over future education spending in the U.S.
Meanwhile, Avid Technology has been on a downward slide since it reported a second straight quarter of unexpected losses earlier this year. Last week, it reported an adjusted profit, but (1) it was lower than analysts expected, (2) it was only a penny per share, and (3) on a GAAP basis, Avid still reported a loss.
Moving further down the list, Western Digital is selling slightly below the price fellow analyst Jim Mueller recommended shares at back in September.
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