The pain continues today as the major indexes fell more than 1% but have recovered from this morning's cliff dive (when the Dow Jones dropped 300 points). To be expected there are plenty of compaines that are really in the dumps as their stocks touched new 52-week lows today. Making that list are NutriSystem (NASDAQ:NTRI), Cisco Systems (NASDAQ:CSCO), and Panasonic (NYSE:PC). Its time to go dumpster diving for stocks!
Japan's Panasonic Corp (PC) hit a new 12 month low of $10.76 a share today but has sinced recovered to $11.62. Panasonic has suffered damages and halted production due to the earthquake.
NutriSystem (NTRI) hit a new 52-week low of $13.05 today. Thanks to the decline NutriSystem shares are now trading with a P/E Ratio of 11.9 and EPS of 1.13.
Cisco (CSCO) got down to a new low of $17.25 before making it back to $17.38 a share. Cisco Systems Inc (CSCO) shares are a long way from its $27.74 12 month high. Cisco shares are now trading with a P/E Ratio of 13.5 and EPS of 1.32.
Happy safe trading and let's hope these stocks have seen their bottom.
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