NEW YORK ( TheStreet) -- Digital Generation ( DGIT), MannKind ( MNKD) and Windstream ( WIN) sank to 52-week lows on Thursday.
Digital Generation The digital technology services company reported Wednesday first-quarter net income of $988,000, or 4 cents a share, down from year-earlier net income of $12.7 million, or 45 cents. "Versus peers, we see DGIT shares trading at 4x-6x EBITDA, or $7-$17," Oppenheimer analysts wrote in a report Thursday. "Currently, we cannot justify a long-term fundamental thesis; however, the company might be attractive to a PE firm given its cash flow characteristics and strong industry position." Shares of Digital Generation hit a 52-week low of $8.66 on Thursday. The stock's 52-week high of $36.67 was set one year ago. Digital Generation trades at an estimated price-to-earnings ratio for next year of 5.21 times; the average for broadcast and entertainment companies is 13.47. Five of the nine analysts who cover Digital Generation rated it buy. Three analysts gave the stock a hold rating and one rated it sell. The stock has fallen 27.85% year to date.
Windstream The communications company reported on Thursday first-quarter net income of $64.6 million, or 11 cents a share, up from year-earlier net income of $29.4 million, or 6 cents. The company's first-quarter earnings fell short of analysts' expectations, which on average called for a profit of 14 cents a share. Shares of Windstream hit a 52-week low of $9.42. The stock's 52-week high of $13.57 was set on May 20. Windstream's forward P/E is 15.75; the average for fixed-line telecommunications companies is 32.53. For comparison, Virgin Media ( VMED) has a lower forward P/E of 8.76. Thirteen of the 18 analysts who cover Windstream rated it hold. Four analysts gave the stock a buy rating and one rated it sell. The stock has fallen 14.4% year to date.