BT Group PLC (BT, Financial), Mallinckrodt PLC (MNK, Financial), Rite Aid Corp (RAD, Financial), and Frontier Communications Corp (FTR, Financial) have declined to their three-year lows.
BT Group PLC (BT, Financial) Declined to $19.00
The prices of BT Group PLC (BT, Financial) shares have declined to $19.00 on June 9, which is only 0.3% above the 3-year low of $18.94.
BT Group is a British holding company which owns British Telecommunications, a British international telecommunications services company. BT Group has operations in more than 180 countries and its BT Global Services division provides telecoms services to corporate and government customers worldwide.
BT Group Plc has a market cap of $37.25 billion; its shares were traded around $19.00 with a P/E ratio of 15.26 and P/S ratio of 1.30. The trailing 12-month dividend yield of BT Group Plc stocks is 4.98%. The forward dividend yield of BT Group Plc stocks is 4.78%.
On June 7 BT Group PLC announced the launch of a new security service protecting organizations from cyber threats named BT Managed Endpoint Access Security. The new service uses technology from ForeScout Technologies Inc. to provide greater visibility and better monitoring of devices connected to corporate networks.
Mallinckrodt PLC (MNK, Financial) Declined to $40.29
The prices of Mallinckrodt PLC (MNK, Financial) shares have declined to $40.29 on June 9, which is only 3.7% above the 3-year low of $38.80.
Mallinckrodt PLC is a British pharmaceutical company that specializes in the production and distribution of generic drugs and imaging agents. The company manufactures and distributes products used in diagnostic procedures and in the treatment of pain and related conditions, which includes the development of specialty pharmaceuticals and active pharmaceutical ingredients.
Mallinckrodt PLC has a market cap of $4 billion; its shares were traded around $40.29 with a P/E ratio of 7.63 and P/S ratio of 1.33. Mallinckrodt Plc had an annual average earnings growth of 15.10% over the past 5 years.
On June 7 Mallinckrodt PLC announced the enrollment of the first patient in the company’s Phase 3 study assessing the efficacy and safety of StrataGraft regenerative skin tissue aimed at the promotion of skin regeneration of complex skin defects due to thermal burns. The study will include patients with 3 – 49% total body surface area skin defects due to thermal burns for which excision and autografting are clinically indicated.
Rite Aid Corp (RAD, Financial) Declined to $3.00
The prices of Rite Aid Corp (RAD, Financial) shares have declined to $3.00 on June 9, which is only 0.7% above the 3-year low of $2.98.
Rite Aid Corp is a Fortune 500 American drugstore chain. The company is the largest drugstore chain on the East Coast and the third largest in the United States. Walgreens announced on October 27, 2015, that it would acquire Rite Aid for $17.4 billion. However, the acquisition is still pending approval by the Federal Trade Commission.
Rite Aid Corp has a market cap of $3.16 billion; its shares were traded around $3.00 with and P/S ratio of 0.11. Rite Aid Corp had an annual average earnings growth of 7.70% over the past 5 years.
On April 25 Rite Aid Corp reported fiscal 2017 fourth quarter and full year results. The company reported a net loss per diluted share of $0.02 compared to the prior year net income per diluted share of $0.06. Furthermore, the company reported a fourth quarter adjusted net income per diluted share of $0.06 compared to the prior year of $0.24.
Frontier Communications Corp (FTR, Financial) Declined to $1.23
The prices of Frontier Communications Corp (FTR, Financial) shares have declined to $1.23 on June 9, which is only 3.3% above the 3-year low of $1.19.
Frontier Communications Corp is an American telecommunications company. The company is the fourth largest provider of digital subscriber lines in the United States and offers broadband Internet, local and long-distance telephone service, digital television service, and computer technical support. The company provides services to both residential and business customers in 29 states in the U.S.
Frontier Communications Corp has a market cap of $1.44 billion; its shares were traded around $1.23 with and P/S ratio of 0.14. The trailing 12-month dividend yield of Frontier Communications Corp stocks is 34.29%. The forward dividend yield of Frontier Communications Corp stocks is 13.06%.
On June 1 Frontier Communications Corp announced that it is making enhanced broadband service available to previously unserved residents in 25 counties throughout the state of Ohio. This advancement brings broadband opportunities to approximately 12,600 Connect America Fund eligible households while improving speeds to an additional 33,600 households.
Disclosure: I do not own stock in any of the companies mentioned in the article.
