The 52-Week Low Club for Thursday

down market
Source: Thinkstock
August 14, 2014: Stocks making new 52-week lows today included the following four firms.

Energy XXI (Bermuda) Ltd. (NASDAQ: EXXI) saw shares fall 20% to a new 52-week low of $15.72 after announcing quarterly results Thursday morning. The company’s full fiscal year profit was far below the consensus estimate.

Noodles & Co. (NASDAQ: NDLS) dropped more than 22% on Thursday to post a new 52-week low of $19.54. The stock’s 52-week high is $49.75. The company’s earnings and revenues were not up to consensus estimates and the restaurant chain expects same-store sales to remain flat for the rest of 2014.

Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB) dropped almost 22% on Thursday to post a new 52-week low of $50.50. Volume is about 20-times the daily average of about 150,000 shares traded, and the stock’s 52-week high is $86.83. Unless a restaurant chain is named Chipotle, chances are very high that earnings results will be disappointing.

Parsley Energy Inc. (NYSE: PE) dropped about 8% to post a new post-IPO low of $19.29 in the late afternoon today. After a successful IPO in late June and a share price rise to a high of $25.70, the stock began sinking early this month and hasn’t slowed down much yet.

ALSO READ: America’s Fastest Growing Retailers

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.