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 communications equipment space. Below are the nine stocks that are within 20% 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)

Research In Motion (Nasdaq: RIMM) $21.30 $19.29 $70.54 3.9
Powerwave Technologies (Nasdaq: PWAV) $0.68 $0.62 $4.87 7.2
Sierra Wireless (Nasdaq: SWIR) $7.67 $6.59 $16.50 NM
Ituran Location & Control (Nasdaq: ITRN) $13.45 $11.27 $18.58 23.2
EXFO (Nasdaq: EXFO) $6.21 $5.36 $13.19 63.2
Ceragon Networks (Nasdaq: CRNT) $10.44 $9.07 $14.34 NM
Tellabs $4.27 $3.67 $7.31 NM
Harris Corp. $38.85 $32.68 $53.39 8.9
Qualcomm (Nasdaq: QCOM) $53.23 $44.62 $59.84 21.2

Source: S&P Capital IQ and Yahoo! Finance. NM = not meaningful.

It's not shocking to see Research In Motion atop this list. Perhaps it's more shocking that the BlackBerry maker is trading at just four times trailing earnings. It's a testament to how fast things in the tech world can change. Forget its latest service outage, the success of the iPhone and Android phones has investors discounting RIM to deathly prices. For more coverage, check out Tim Beyers' take on another big problem.

Meanwhile, Qualcomm is trading around where fellow Fool and tech maven Eric Bleeker recommended shares back in April.    

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Anand Chokkavelu owns LEAP options on Research In Motion. The Motley Fool owns shares of Qualcomm. Motley Fool newsletter services have recommended buying shares of Ituran Location and Ceragon Networks. Try any of our Foolish newsletter services free for 30 days. 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.