The market has slipped back into the red on Tuesday and some S&P/ASX 300 Index (ASX: XKO) shares are feeling the impact. And for some that were already trading around their lowest point in 12 months, today’s dip has brought unfortunate milestones.
Let’s take a closer look at three ASX 300 shares that have fallen to their lowest point in more than a year on Tuesday.
3 ASX 300 shares falling to their lowest in 12 months
Nine Entertainment Co Holdings Ltd (ASX: NEC)
The Nine share price tumbled to a new 52-week low of $2.17 today – representing a 4.4% drop.
That’s the lowest the ASX 300 share has traded at since late 2020 and seemingly the result of a continued two-month sell-off.
The media company’s stock has dumped 26% of its value since the end of March.
Centuria Capital Group (ASX: CNI)
The Centuria share price also hit a long-forgotten low on Tuesday, slumping to trade at $2.19 – 2.2% lower than its previous close.
Much like Nine, the ASX 300 share hasn’t traded at such levels since November 2020.
Interestingly, the stock’s dip follows seemingly positive news from the property-focus investment management business. The company announced it has secured $223 million of healthcare and retail assets for its existing institutional partnerships this morning.
The Centuria share price is currently 37% lower than it was at the start of 2022.
oOh!Media Ltd (ASX: OML)
The final ASX 300 share trading at a 52-week low is oOh!Media. It hit a low of $1.35 on Tuesday – representing a 4.25% fall on its previous closing price.
The ‘out of home’ advertising company’s stock has seemingly struggled to gain traction after rebounding from a post-pandemic drop in late 2020.
It has fallen a notable 20% year to date. It’s also 60% lower than it was five years ago.
The post 3 ASX 300 shares slumping to 52-week lows on Tuesday appeared first on The Motley Fool Australia.
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended oOh!Media Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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