Stocks That Fell to 3-Year Lows in the Week of Nov. 9

General Electric Co., Vodafone Group PLC, Ctrip.com International Ltd. and Perrigo Co. PLC have declined to their respective 3-year lows

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Nov 11, 2018
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General Electric Co. (GE, Financial), Vodafone Group PLC (VOD, Financial), Ctrip.com International Ltd. (CTRP, Financial) and Perrigo Co. PLC (PRGO, Financial) have declined to their three-year lows.

General Electric Co. (GE, Financial) declined to $8.58

The prices of General Electric Co. (GE, Financial) shares have declined to $8.58 on Nov. 9, which is only 4.0% above the three-year low of $8.24.

General Electric Co. is an American international conglomerate corporation and operates through multiple segments, including Power & Water, Oil and Gas, Aviation, Healthcare and Transportation. The company was ranked among the Fortune 500 as the 4th largest firm in the United States in 2017.

General Electric Co. has a market cap of $75.45 billion; its shares were traded around $8.58 with and P/S ratio of 0.61. The trailing 12-month dividend yield of General Electric Co. stocks is 5.61%. The forward dividend yield of General Electric Co. stocks is 0.44%.

On Nov. 6 General Electric Co. announced that it has signed a proposed agreement to sell Current, powered by General Electric Co., to American Industrial Partners, a New York-based private equity firm. The proposed transaction is expected to close in early 2019. Financial details were not disclosed.

Vodafone Group PLC (VOD, Financial) declined to $18.79

The prices of Vodafone Group PLC (VOD, Financial) shares have declined to $18.79 on Nov. 9, which is only 1.8% above the three-year low of $18.45.

Vodafone Group PLC is a British international telecommunications company. It was ranked fifth by revenue among mobile operator groups globally and second in the number of connections. Vodafone operates networks in 26 countries and has partner networks in over 50 other countries.

Vodafone Group PLC has a market cap of $50.99 billion; its shares were traded around $18.79 with a P/E ratio of 18.09 and P/S ratio of 0.99. The trailing 12-month dividend yield of Vodafone Group PLC stocks is 9.51%. The forward dividend yield of Vodafone Group PLC stocks is 9.37%. Vodafone Group PLC had an annual average earnings growth of 28.40% over the past five years.

On Nov. 9 Vodafone Group PLC announced the appointment of Sanjiv Ahuja as a non-executive director, effective immediately. Ahuja is the chairman of Tillman Global Holdings, which he founded in 2013. He was also COO and President of Telcordia Technologies before moving to Orange Telecommunications in 2013.

Ctrip.com International Ltd. (CTRP, Financial) declined to $26.13

The prices of Ctrip.com International Ltd. (CTRP, Financial) shares have declined to $26.13 on Nov. 9, which is only 0.7% above the three-year low of $25.96.

Ctrip.com International Ltd. is a Chinese travel services company that provides accommodation reservation, transportation ticketing, packaged tours and corporate travel management. It is currently the largest online travel agency in China.

Ctrip.com International Ltd. has a market cap of $17.45 billion; its shares were traded around $26.13 with a P/E ratio of 20.17 and P/S ratio of 3.74.

On Sept. 5 Ctrip.com International Ltd. reported unaudited second quarter 2018 financial results. Net revenue increased 13% year-on-year to $1.1 billion for the quarter. Operating margin was 10% for the quarter compared to 9% during the previous quarter. Net income attributable to shareholders for the quarter increased 564% from RMB 359 million to RMB 2.4 billion compared to net income during the same period in 2017.

Perrigo Co. PLC (PRGO, Financial) declined to $64.07

The prices of Perrigo Co. PLC (PRGO, Financial) shares have declined to $64.07 on Nov. 9, which is only 1.9% above the three-year low of $62.86.

Perrigo Co. PLC is an American multinational manufacturer of pharmaceuticals, specializing in the production and sale of over-the-counter medicine. The company manufactures and sells consumer healthcare products, generic prescription drugs, and active pharmaceutical ingredients in the United States, Australia, Europe, Indian and Israel.

Perrigo Co. PLC has a market cap of $10.48 billion; its shares were traded around $64.07 with a P/E ratio of 38.84 and P/S ratio of 1.82. The trailing 12-month dividend yield of Perrigo Co. PLC stocks is 1.16%. The forward dividend yield of Perrigo Co. PLC stocks is 1.21%. Perrigo Co. PLC had an annual average earnings growth of 14.90% over the past 10 years.

On Nov. 8 Perrigo Co. PLC announced third quarter 2018 financial results. GAAP net sales were $1.1 billion for the quarter. Reported net loss for the quarter was $68 million, compared to a net income of $45 million during the same quarter prior year. Reported diluted loss per share for the quarter was 49 cents, compared to net earnings per share of 31 cents during the same quarter the prior year.

Disclosure: I do not own stock in any of the companies mentioned in the article.