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8 Stocks Slump to 52-Week Lows

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Shares of Nokia hit a 52-week low on Thursday of $2.63. The stock's 52-week high of $7.38 was set on Oct. 27.

"We continue to believe 2012 will be a crucial year as Nokia continues to manage its transition to Windows Phone," Wedbush analysts wrote in a May 29 report. "While we are lowering our estimates as we see modest demand for Nokia's current smartphone lineup and encroachment by low-cost competitors in emerging markets, we believe upcoming Windows 8 devices will be a critical determining factor of Nokia's success in its turnaround. Until then, we maintain our neutral stance."

Nokia's forward P/E is 14.88; the average for telecommunications equipment companies is 11.07.

Nineteen of the 29 analysts who cover Nokia rated it hold. Seven analysts gave the stock a sell rating and three rated it buy.

The stock has fallen 44.19% year to date.

First Solar

Shares of First Solar hit a 52-week low of $12.19 on Thursday. The stock's 52-week high of $142.22 was set on June 30.

First Solar's forward P/E is 3.01; the average for renewable energy equipment companies is 7.78. For comparison, SunPower (SPWR) has a higher forward P/E of 18.84.

Twenty-seven of the 39 analysts who cover First Solar rated it hold. Six analysts gave the stock a buy rating and another six rated it sell.

The stock has lost 62.59% year to date.

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