It certainly has been a great day for the shareholders of Aristocrat Leisure Limited (ASX: ALL). Another strong half-year result from the gaming solutions company has taken its shares to an all-time high of $21.12.
Unfortunately, not all shares have fared so well. In fact, the three shares listed below have just fallen to 52-week lows. Are they bargain buys now?
The Catapult Group International Ltd (ASX: CAT) share price tumbled to a 52-week low of $1.64 this morning. The former market darling has come under heavy selling pressure since it released a disappointing quarterly update and capital raising at the start of the month. Whilst I think the company and its technology have enormous potential, I would hold off an investment until there is a notable improvement in its performance.
The Orion Health Group Ltd (ASX: OHE) share price has plunged 17% to an all-time low of 93.5 cents despite there being no news out of the eHealth software company. This latest decline means that its shares have fallen 78% in the last 12 months. While the company has a lot of promise, it expects to make a full-year net loss before tax of between $32 million and $38 million this year. I'm not sure I would class it as investment grade at this point in time.
The MMA Offshore Ltd (ASX: MRM) share price fell to a multi-year low of 18 cents today. The loss-making marine service provider has seen its shares come under significant pressure this year due to historically low vessel rates and utilisation impacting its earnings. Half-year revenue fell 55% to $119.7 million and unfortunately things aren't expected to improve greatly in the second-half. Whilst the company could get a lift if OPEC decides to continue its oil production cuts, I would caution against an investment at this point in time.
