Business
Here are 3 ASX shares trading near their 52-week lows
When considering particular ASX shares to buy, investors often take a look at where a company’s share price is trading in relation to its 52-week high or low, as this might indicate an upward or downward trend.
Here we’ll take a look at three ASX shares which are currently trading very close to their 52-week low levels.
3 ASX shares struggling to gain ground
TPG Telecom Ltd (ASX: TPG)
The TPG share price is currently trading at $7.06, only around 2% shy of its 52-week low of $6.93 in November.
The company was formed by a merger between Vodafone and TPG, and the new entity was floated on the ASX in June 2020.
Since the float, this ASX share has lost around 20% of its value.
In the company’s first post-merger results, TPG…
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