2022 so far has been rough for many ASX investors. But the market’s struggles has also brought some quality ASX All Ordinaries Index (ASX: XAO) shares to their lowest price in years. Talk about a bargain!
Let’s take a look at these three quality stocks reaching 52-week lows on Monday.
3 quality ASX All Ordinaries shares trading at 12-month lows
Bigtincan Holdings Ltd (ASX: BTH)
The first quality ASX All Ordinaries share trading at a new 52-week low on Monday is Bigtincan.
The company’s stock reached a low of 47 cents this morning, representing a 4.08% tumble and the lowest it’s been in more than two years.
Bintincan provides software to sales and service providers that helps increase sales and customer satisfaction.
The company has been struggling in 2022 despite releasing plenty of good news.
The most recent update from the company detailed a new partnership and cash flow breakeven target, as well as reaffirming its financial year 2022 guidance.
However, Bigtincan’s stock might be being weighed down by the broader technology sector.
The S&P/ASX All Technology Index(ASX: XTX) has tumbled nearly 33% year to date amid rising inflation and interest rate hikes.
Dubber Corp Ltd (ASX: DUB)
Dubber is another embattled – but still high quality – All Ordinaries tech share trading at a new 52-week low today.
The cloud-based call recording and voice artificial intelligence provider’s stock slumped to 70 cents at its lowest point today. That’s down nearly 8% from Friday’s close and the lowest it’s been since the onset of the COVID-19 pandemic.
The latest quarterly report out of the company showed rising revenue, subscribers, and annual reoccurring revenue.
Frontier Digital Ventures Ltd (ASX: FDV)
The final quality ASX All Ordinaries share to reach a new 52-week low is Frontier Digital Ventures.
The stock hit a low of 83 cents on Monday – the lowest it’s been in nearly two years and around 5.7% lower than its previous close.
Frontier Digital Ventures operates online marketplace businesses in emerging markets.
The last time the market heard from the company was in late April. Then, it released its activities report for the March quarter, detailing record quarterly and monthly revenue and positive earnings for the period.
The post 3 quality ASX All Ordinaries shares trading at 52-week lows today appeared first on The Motley Fool Australia.
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More reading
- Why did the Dubber share price push 18% higher today?
- A top fund manager has been buying these ASX tech shares after the market selloff
- 3 ASX tech shares we’re sticking with: Forager
- Here’s why the Bigtincan share price is jumping 10% today
- Are these small 2 ASX growth shares now at compelling value?
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 positions in and has recommended BIGTINCAN FPO, Dubber Corporation, and Frontier Digital Ventures Ltd. The Motley Fool Australia has positions in and has recommended BIGTINCAN FPO and Dubber Corporation. The Motley Fool Australia has recommended Frontier Digital Ventures 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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