Stocks Hitting 52-Week Lows

Liquidity Services LQDT shares tumbled 28.88% to reach a new 52-week low of $12.31 after the company reported downbeat Q2 results and issued a weak outlook. AMC Networks AMCX shares touched a new 52-week low of $57.861 on weaker-than-expected Q1 earnings. PowerSecure International POWR shares touched a new 52-week low of $6.96 after the company reported a Q1 loss of $0.17 per share on revenue of $52.80 million. Millennial Media MM shares reached a new 52-week low of $3.31 after the company reported a Q1 loss of $0.12 per share on revenue of $72.60 million. Morgan Stanley downgraded Millennial Media from Equal-weight to Underweight.