Many foreign stocks that trade as ADRs in the US have fallen heavily in-line with their home country’s market performance. In order to identify the ADRs that are down more than 80% year-to-date I ran the screener and ended up with the 38 stocks listed below.
Foreign ADR Stocks Down > 80%
[TABLE=121]
Analysis:
1.The worst loser among the British banks is the Royal Bank of Scotland(RBS) which is down 91.20%. The stock recently reached a low of $0.95. On November 7, the management did a reverse split in the ratio of 20:1. More details on this split can be found here.
2.It is not surprising to see 15 China stocks in this group since the Shanghai Index is down over 60% year-to-date.
3.Two food producers (GMK,WBD) made it to this list though the cost of food has increased considerably worldwide in the last few months.
4.Only two Brazilian stocks are down over 80% year-to-date.
5.Some of the stocks that are under $1 and close to being under $1 might have reverse splits in the future to satisfy listing requirements.
Note: Please note that the data used for calculation is thought to be accurate but not guaranteed. Do your own research before making any investment decisions.
Disclosure: Long RBS