Here’s one stock hitting a 52-week high and one finding a 52-week low today:
New High: Medical Properties Trust
Shares of Medical Properties Trust (NYSE:MPW) are in the black slightly this morning, topping off a nearly 4% gain in the past five days. The stock is now priced at just under $12 — a new 52-week high. Since the start of the year, MPW has gained an impressive 21%, besting the S&P 500’s 14% climb.
The company is a self-advised real estate investment trust (REIT) focused on investing in and owning net-leased healthcare facilities across the country. It reports earnings next on Jan. 29.
In the most recent quarter, Medical Properties Trust beat expectations by a penny and issued guidance above consensus estimates.
New Low: KIT Digital
KIT Digital (NASDAQ:KITD), a video management company from the Czech Republic, is flat so far this morning, leaving shares at 52-week low around 60 cents. Since January, the stock has shed more than 92% of its value. In early February, the price-tag for KITD was a relatively whopping $12.
The company has been under investigation for false and misleading statements, has faced CEO drama and has had various offers to be taken private again.
As of this writing, Alyssa Oursler did not own a position in any of the aforementioned securities.