6 Stocks Drop to 52-Week Lows: VG, NFX, FGP, RFMD, SKYW, JAG
NEW YORK (TheStreet) -- Shares of the following stocks fell to 52-week lows on Tuesday: Vonage(VG) , Newfield Exploration(NFX) , Ferrellgas(FGP) , RF Micro(RFMD) , SkyWest(SKYW) and Jaguar Mining(JAG) .
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Vonage
"Vonage provided 2012 guidance that reflects an increased level of investment in strategic growth initiatives targeted at the mobile services market, new geographic expansion, and further penetrating the US ILD calling market," Citi analysts wrote in a Feb. 15 report.
Shares of Vonage hit a 52-week low Tuesday of $1.98. The stock's 52-week high of $5.39 was set on May 4.
Vonage has an estimated price-to-earnings ratio for next year of 5.73 times; the average for fixed-line telecommunications companies is 21. For comparison, TW Telecom(TWTC) has a forward P/E of 30.83.
Three of the four analysts who cover Vonage rated it buy and one gave the stock a hold rating.
TheStreet Ratings gives Vonage a C grade and hold rating. The stock has declined 18.78% year to date.
