The following is a list of stocks that are trading near their 52-week lows. All of these stocks have conservative accounting practices, according to the ratings developed by forensic accounting firm Audit Integrity.
Audit Integrity was founded in 2002 to develop risk management tools based on a statistical analysis of corporate integrity. The Accounting and Governance Risk (AGR) rating is a forensic measure of the transparency and reliability of a corporation’s financial reporting and governance practices. The closer the score is to 100, the more conservative the company's accounting practices, according to Audit Integrity.
All the companies in this list have high AGR scores above 70, i.e. more conservative and transparent accounting practices than most other firms.
This list might offer an interesting starting point to value investors looking for quality companies.
AGR scores sourced from Audit Integrity, short float and performance data sourced from Finviz.
Interactive Chart: Press Play to compare changes in market cap for the top six names mentioned below. Note: The numbers on top of items represent the forward P/E ratio, if available.
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The list has been sorted by the AGR score.
1. Skechers USA Inc. (SKX): Apparel Footwear & Accessories Industry. Market cap of $954.51M. The stock is currently 6.26% above its 52-week low. According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 96. Short float at 20.69%, which implies a short ratio of 3.7 days. The stock has lost -31.44% over the last year.
2. Home Bancshares, Inc. (HOMB): Money Center Banks Industry. Market cap of $602.07M. The stock is currently 5.95% above its 52-week low. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 84. Short float at 3.18%, which implies a short ratio of 8.47 days. The stock has lost -5.32% over the last year.
3. Regal Entertainment Group (RGC): Movie Production Industry. Market cap of $1.87B. The stock is currently 6.53% above its 52-week low. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 84. Short float at 7.48%, which implies a short ratio of 5.61 days. The stock has lost -12.31% over the last year.
4. Sanderson Farms, Inc. (SAFM): Meat Products Industry. Market cap of $852.07M. The stock is currently 1.1% above its 52-week low. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 83. Short float at 8.04%, which implies a short ratio of 4.56 days. The stock has lost -8.88% over the last year.
5. Savient Pharmaceuticals, Inc. (SVNT): Biotechnology Industry. Market cap of $770.05M. The stock is currently 2.97% above its 52-week low. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 82. Short float at 19.64%, which implies a short ratio of 4.08 days. The stock has lost -23.68% over the last year.
6. Monolithic Power Systems Inc. (MPWR): Semiconductor Industry. Market cap of $577.38M. The stock is currently 8.88% above its 52-week low. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 79. Short float at 7.04%, which implies a short ratio of 4.42 days. The stock has lost -29.19% over the last year.
7. Itron, Inc. (ITRI): Scientific & Technical Instruments Industry. Market cap of $2.3B. The stock is currently 9.3% above its 52-week low. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 74. Short float at 5.35%, which implies a short ratio of 3.87 days. The stock has lost -20.36% over the last year.
8. Winn-Dixie Stores Inc. (WINN): Grocery Stores Industry. Market cap of $367.05M. The stock is currently 8.4% above its 52-week low. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 72. Short float at 6.64%, which implies a short ratio of 4.61 days. The stock has lost -34.42% over the last year.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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