Stocks Touch 52-Week Low (DF, BCON, NGAS, VICL)

Dean Foods Company (NYSE:DF) has created a new 52-week low of $7.72 and now plunged 8.35% to $7.79. The stock was downgraded at Credit Suisse to Underperform from Neutral. Pricing battle with competitors and higher costs will reduce earnings in 2011. Price target lowered to $7 from $11. Beacon Power Corp. (NASDAQ:BCON) plunged 12.38% to $0.218 and created a new 52-week low of $0.20. Yesterday the company said its net loss in the third quarter widened to $5.5 million, from a net loss of $4.1 million in the same period in 2009. The company reported revenue of $124,000 for the third quarter, compared to quarterly revenue of $273,000 a year earlier. Beacon Power gains patent, but logs loss | Boston Business Journal The company announced that it has been notified by the U.S. Patent and Trademark Office (PTO) that the PTO will issue a fundamental smart grid patent to Beacon. NGAS Resources, Inc. (NASDAQ:NGAS) also plunged over 27.33% to $0.436 and made a new 52-week low of $0.43. Yesterday it reported third quarter 2010 total revenue of $11.0 million, compared to $11.2 million for the comparable quarter in 2009. For the quarter, the company reported a net loss of $2.5 million, compared to a net loss of $1.1 million in third quarter 2009. Loss per share was $0.06, compared with a $0.04 loss per share in the same period last year. Vical Incorporated (NASDAQ:VICL) made an all time low at $2.02. The stock is down 4.40% to $2.07 over 1.06 million shares. The company reported financial results for the three months and nine months ended September 30, 2010. Revenues were $2.3 million for the third quarter of 2010 compared with $3.9 million for the third quarter of 2009, reflecting lower revenues recognized from AnGes MG, Inc., as the company approaches the completion of its Phase 3 Allovectin-7(R) trial.
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