There were a few leading S&P/ASX 300 Index (ASX: XKO) shares that hit 52-week lows today.
That means they reached the lowest price they have traded at over the past 12 months.
There has been a lot of market volatility over the past few months. Many ASX tech shares have sunk in 2022. But non-tech shares have also taken a hit as investors weigh up the impacts of inflation and interest rate hikes.
Here are three that hit 52-week lows today.
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ARB Corporation Limited (ASX: ARB)
ARB claims to be Australia's largest manufacturer and distributor of 4×4 accessories.
The ARB share price fell by more than 3.3% today. It hit a low of $30.14 before recovering to finish the session at $30.61.
Since the beginning of the year, the ARB share price has fallen by about 44%.
However, the company said last month that it maintains a positive outlook for a few different reasons.
Firstly, its customer order book remains consistently high, it has increased inventory levels to buffer against extended lead times, and the impact of new models (including the Toyota LandCruiser Series and the new Ford Ranger) are yet to flow through. It also has emerging partnerships with major customers and "exciting" new products in development.
The board and management are focused on mitigating key challenges for the business relating to the supply chain, costs, and labour.
However, the company believes that ARB is well-positioned to achieve long-term success with "strong" brands around the world.
Brickworks Limited (ASX: BKW)
Brickworks is one of the leading building products businesses in Australia.
It is the biggest brickmaker in Australia, with brands like Austral Bricks, Bowral Bricks and Nubrik. In roofing, it operates the Bristle Roofing business. Other businesses it is involved with include Southern Cross Cement, GB Masonry, UrbanStone, and Capital Battens.
While some of its earnings are generated by selling building products in Australia, it also has a brickmaking division in the US, an investments segment, and an industrial property segment.
Brickworks is expecting to report property development profits within the property trust in the coming reporting periods as it completes construction of some large warehouses for Coles Group Ltd (ASX: COL), Woolworths Group Ltd (ASX: WOW), and other businesses looking for large logistics properties.
The Brickworks share price fell by 2.12% today to close at $19.87. It's now down almost 20% in 2022. It hit a 52-week low of $19.68 today.
Adairs Ltd (ASX: ADH)
Adairs is an expanding ASX 300 company that sells furniture and homewares.
Adairs is just one of the brands that the company operates. The business also owns Mocka, and Focus on Furniture.
The business saw disruption from store closures in the first half of FY22. Over the longer term, Adairs is looking to grow its store floor area, increase the number of Focus on Furniture stores, grow online sales, and increase its membership base.
The Adairs share price lost 2.69% today to finish the session at $2.17. That means it has now fallen by more than 46% in 2022.
