The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back strongly from yesterday's decline and is on course to have a solid finish to the week. In afternoon trade the benchmark index is up an impressive 1.3% to 6,096.1 points.
Four shares that have failed to follow the market higher today are listed below. Here's why they are ending the week in the red:
The Decmil Group Limited (ASX: DCG) share price has fallen 3.5% to $1.06 after the engineering company released a market update. Although Decmil expects second-half revenue from continuing operations to grow 50% on the first-half, it seems some shareholders were expecting even stronger growth. Management has, however, reaffirmed its FY 2019 revenue guidance of over $500 million.
The G8 Education Ltd (ASX: GEM) share price is down almost 3% to $2.35 despite there being no news out of the childcare operator. This latest decline means the G8 Education's shares have now halved in value since peaking at $4.71 late last year. Concerns over its falling occupancy rate as supply growth outpaces demand growth have largely been behind the share price decline. I would stay clear of the company until it reports major improvements in its performance.
The Primary Health Care Limited (ASX: PRY) share price has continued its decline and is down a further 1.5% to $3.48. The healthcare company's shares came under significant selling pressure on Thursday after UBS downgraded it to a sell rating with a $3.50 price target. Previously the broker had a buy rating and $4.00 price target on Primary Health Care's shares.
The Retail Food Group Limited (ASX: RFG) share price has also continued its decline and is 2.5% lower at 56 cents. Shareholders continue to head to the exits over concerns that the embattled food and beverage company could breach its debt covenants this year. For this reason, I would suggest investors stay well clear of Retail Food Group. The future looks decidedly bleak for the company in my opinion.
