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The following is a list of stocks in a downtrend, i.e. trading below the 20-day, 50-day and 200-day moving averages. However, all of these stocks have lower levels of debt when comparing various debt ratios like Debt/Equity, Debt/Assets and the current ratio.

Is this a list of falling knives, or is the market unfairly punishing these names? Considering the high levels of liquidity associated with some of these names, do they have what it takes to rebound from recent weakness. What do you think? Full details below.

Valuation data and industry comps sourced from Fidelity, short float and performance data sourced from Finviz.



The list has been sorted alphabetically.

1. Concord Medical Services Holdings Limited (NYSE:CCM): Hospitals Industry. Market cap of $310.14M. The stock is currently -9.17% below its 20-day MA, -12.48% below its 50-day MA, and -5.95% below its 200-day MA. TTM Long Term Debt/Equity 4.25% vs. industry average at 62.2%. TTM Total Debt/Assets 6.67% vs. industry average at 23.28%. TTM Total Debt/Equity 7.71% vs. industry average at 70.54%. Current ratio at 6.07 vs. industry average at 1.44. Short float at 0.05%, which implies a short ratio of 0.41 days. The stock has lost -26.63% over the last year.

2. Dolby Laboratories Inc. (NYSE:DLB): Diversified Electronics Industry. Market cap of $5.75B. The stock is currently -10.52% below its 20-day MA, -17.99% below its 50-day MA, and -17.82% below its 200-day MA. TTM Long Term Debt/Equity 0.16% vs. industry average at 36.72%. TTM Total Debt/Assets 0.18% vs. industry average at 14.16%. TTM Total Debt/Equity .21% vs. industry average at 49.32%. Current ratio at 6.15 vs. industry average at 2.81. Short float at 4.39%, which implies a short ratio of 3.83 days. The stock has lost -3.45% over the last year.

3. K-Swiss Inc. (NASDAQ:KSWS): Apparel Footwear & Accessories Industry. Market cap of $394.56M. The stock is currently -15.41% below its 20-day MA, -17.77% below its 50-day MA, and -16.38% below its 200-day MA. TTM Long Term Debt/Equity 0.18% vs. industry average at 18.83%. TTM Total Debt/Assets 1.38% vs. industry average at 7.74%. TTM Total Debt/Equity 1.62% vs. industry average at 22.07%. Current ratio at 8.32 vs. industry average at 3.29. Short float at 7.26%, which implies a short ratio of 20.39 days. The stock has gained 14.65% over the last year.

4. Lance, Inc. (NASDAQ:LNCE): Processed & Packaged Goods Industry. Market cap of $640.31M. The stock is currently -0.97% below its 20-day MA, -7.99% below its 50-day MA, and -2.88% below its 200-day MA. TTM Long Term Debt/Equity 41.77% vs. industry average at 75.3%. TTM Total Debt/Assets 21.69% vs. industry average at 33.25%. TTM Total Debt/Equity 41.77% vs. industry average at 91.87%. Current ratio at 2.01 vs. industry average at 1.67. Short float at 1.58%, which implies a short ratio of 4.82 days. The stock has lost -9.25% over the last year.

5. Molson Coors Brewing Company (NYSE:TAP): Brewers Industry. Market cap of $8.45B. The stock is currently -2.66% below its 20-day MA, -5.31% below its 50-day MA, and -0.15% below its 200-day MA. TTM Long Term Debt/Equity 21.02% vs. industry average at 57.02%. TTM Total Debt/Assets 14.06% vs. industry average at 28.24%. TTM Total Debt/Equity 23.03% vs. industry average at 79.69%. Current ratio at 1.36 vs. industry average at 1.34. Short float at 1.67%, which implies a short ratio of 2.49 days. The stock has gained 14.63% over the last year.

6. Olin Corp. (NYSE:OLN): Chemicals Industry. Market cap of $1.49B. The stock is currently -0.41% below its 20-day MA, -3.81% below its 50-day MA, and -0.7% below its 200-day MA. TTM Long Term Debt/Equity 48.17% vs. industry average at 73.44%. TTM Total Debt/Assets 21.36% vs. industry average at 25.78%. TTM Total Debt/Equity 50.48% vs. industry average at 91.93%. Current ratio at 2.63 vs. industry average at 1.79. Short float at 6.77%, which implies a short ratio of 7.62 days. The stock has gained 14.53% over the last year.

7. Rex Energy Corporation (NASDAQ:REXX):
Oil & Gas Drilling & Exploration Industry. Market cap of $475.45M. The stock is currently -7.73% below its 20-day MA, -12.76% below its 50-day MA, and -5.74% below its 200-day MA. TTM Long Term Debt/Equity 8.25% vs. industry average at 96.91%. TTM Total Debt/Assets 6.24% vs. industry average at 24.92%. TTM Total Debt/Equity 8.25% vs. industry average at 104.11%. Current ratio at 1.38 vs. industry average at 1.37. Short float at 19.41%, which implies a short ratio of 12.26 days. The stock has lost -25.22% over the last year.

8. Shenandoah Telecommunications Co. (NASDAQ:SHEN):
Telecom Services Industry. Market cap of $404.53M. The stock is currently -1.97% below its 20-day MA, -8.36% below its 50-day MA, and -6.25% below its 200-day MA. TTM Long Term Debt/Equity 35.54% vs. industry average at 102.51%. TTM Total Debt/Assets 22.62% vs. industry average at 33.28%. TTM Total Debt/Equity 39.47% vs. industry average at 114.12%. Current ratio at 2.21 vs. industry average at 1.47. Short float at 2.3%, which implies a short ratio of 14.74 days. The stock has lost -2.35% over the last year.

9. WMS Industries Inc. (NYSE:WMS-OLD):
Recreational Goods Industry. Market cap of $2.42B. The stock is currently -2.76% below its 20-day MA, -6.86% below its 50-day MA, and -1.3% below its 200-day MA. TTM Long Term Debt/Equity 0.3% vs. industry average at 124.81%. TTM Total Debt/Assets 0.25% vs. industry average at 34.82%. TTM Total Debt/Equity .3% vs. industry average at 136.62%. Current ratio at 4.21 vs. industry average at 1.28. Short float at 6.92%, which implies a short ratio of 5.04 days. The stock has gained 7.15% over the last year.

10. World Wrestling Entertainment Inc. (NYSE:WWE): General Entertainment Industry. Market cap of $905.52M. The stock is currently -0.29% below its 20-day MA, -8.73% below its 50-day MA, and -12.95% below its 200-day MA. TTM Long Term Debt/Equity 0.63% vs. industry average at 138.35%. TTM Total Debt/Assets 0.74% vs. industry average at 34.06%. TTM Total Debt/Equity 0.97% vs. industry average at 144.25%. Current ratio at 3.67 vs. industry average at 1.35. Short float at 11.81%, which implies a short ratio of 9.25 days. The stock has lost -17.84% over the last year.

11. Yongye International, Inc. (NASDAQ:YONG):
Agricultural Chemicals Industry. Market cap of $339.17M. The stock is currently -2.88% below its 20-day MA, -8.75% below its 50-day MA, and -9.6% below its 200-day MA. TTM Long Term Debt/Equity 0.36% vs. industry average at 73.44%. TTM Total Debt/Assets 0.92% vs. industry average at 25.78%. TTM Total Debt/Equity 1.09% vs. industry average at 91.93%. Current ratio at 6.71 vs. industry average at 1.79. Short float at 15.36%, which implies a short ratio of 8.07 days. The stock has lost -12.71% 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.

Source: Contrarian Ideas: 11 Low-Debt Companies Stuck in a Downtrend