7 Stocks Hitting 52-Week Lows

Visa and Mastercard were among companies to hit fresh 52-week lows Monday morning.

Author:
Miriam Reimer
Publish date:
Sep 13, 2010 12:46 PM EDT

Visa and Mastercard were among companies to hit fresh 52-week lows Monday morning.

NEW YORK (

TheStreet

) -- Credit card companies

Visa

(V) - Get Free Report

and

MasterCard

(MA) - Get Free Report

were among a small group of firms with stocks hitting fresh 52-week lows Monday morning, even as

the major indexes rose around 1%

Visa shares tumbled several points early in the session on high volume. Its shares touched as low as $65.70 before rebounding somewhat to $65.79. Visa shares have an outperform rating from equity research firm FBR Capital, and a buy rating from

UBS

(UBS) - Get Free Report

and Stifel Nicolaus.

Shares of MasterCard also traded on high volume, falling to $191 before pushing back up to $192.19. Mastercard shares have a buy rating from

Deutsche Bank

(DB) - Get Free Report

, Argus Research, UBS and

Credit Suisse

(CS) - Get Free Report

By market cap, the next largest company to touch fresh 52-week lows Monday morning was

AsiaInfo-Linkage

(ASIA)

, a Beijing-based telecommunications software provider, according to

Barchart

. The stock fell as low as $16.42 in early trading. It has a buy rating from Kaufman Brothers and a rating of outperform from Wedbush Securities.

AMAG Pharmaceuticals

(AMAG) - Get Free Report

, a biopharmaceutical firm, saw its shares fall to $25.01 Monday morning before edging back up to $25.22. AMAG shares were downgraded to neutral from outperform by Robert W. Baird in late July.

Citigroup

has had a buy rating on the stock since January.

Semiconductor maker

Brooks Automation

(BRKS) - Get Free Report

shares fell to new low of $5.46 Monday morning. Chipmakers have been in focus after

Texas Instruments

(TXN) - Get Free Report

and

National Semiconductor

(NSM)

lowered their quarterly outlooks last week, citing a slowing demand for PCs

. The pair's revised guidance followed a similar revision from

Intel

(INTC) - Get Free Report

late last month.

>>China, Data, Politics Keys to Coming Week

Shares of

SurModics

(SRDX) - Get Free Report

, a provider of drug delivery (coatings and implants) and surface modification (lubricity) technologies to the healthcare industry, fell to $10.82 Monday morning before pushing back up to $11.04. SurModics has an underperform rating from research firms Rodman & Renshaw and Barrington Research.

China Sky One Medical

(CSKI)

, a Hong Kong-based manufacturer of over-the-counter and nutritional supplements, lost several points in early trading, falling to $6.33 per share. At midday the stock traded around $6.40, still down nearly 3% on the day.

Shares of Insurance holding company

21st Century Holding

(TCHC)

fell to $3.20 early Monday. At midday firm's shares were down nearly 4% on double their average trading volume.

-- Written by Miriam Marcus Reimer in New York.

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