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Tech & Science Why these ASX shares just raced to 52-week highs or better

08:20  27 november  2019
08:20  27 november  2019 Source:   fool.com

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The Catapult Group International Ltd ( ASX :CAT) share price is one of three that hit a 52 - week high or better on Tuesday. Investors have been buying this property listings company’s shares after house prices rebounded. This is expected to lead to a strong demand for listings in 2020 and position it for

The Catapult Group International Ltd ( ASX :CAT) share price is one of three that hit a 52 - week high or better on Tuesday The post Why these ASX shares just raced to 52 - week highs or better appeared first on Motley Fool Australia.

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Although the Australian share market took a tumble on Tuesday, that didn’t stop some shares from pushing higher.

Three shares that even managed to hit new 52-week highs or better are listed below. Here’s why they are on a high right now:

The Catapult Group International Ltd (ASX: CAT) share price hit a 52-week high of $1.76 on Tuesday. After a couple of years of underwhelming the market, investors appear to believe this sports analytics and wearables company is back on the right track. This follows the appointment of a former Amazon executive as its new CEO, the launch of new products, and yesterday’s renewal of the Rugby Australia contract. Rugby Australia has renewed its union-wide performance partnership and expanded it to include Catapult’s new Vector technology.

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This led to a good number of shares racing higher on the index. Some climbed so much they hit 52 - week highs or better . Here’s why these three ASX The Domino’s Pizza Enterprises Ltd ( ASX : DMP) share price continued its positive run and hit a 52 - week high of .89 (AUD.95) yesterday.

Three shares that have just hit 52 - week highs or better this week are listed below. Here’s why they are on fire: The Fisher & Paykel Healthcare Corp Ltd ( ASX : FPH) share price continued its The Novita Healthcare Ltd ( ASX : NHL) share price raced to a multi-year high of 10 cents on Wednesday.

The Domain Holdings Australia Ltd (ASX: DHG) share price jumped to a 52-week high of $3.60 yesterday. Investors have been buying this property listings company’s shares after house prices rebounded. This is expected to lead to a strong demand for listings in 2020 and position it for growth in FY 2021. Also giving its shares a lift was a broker note out of Macquarie on Tuesday. Its analysts upgraded Domain’s shares to an outperform rating with an improved price target of $3.60. They were particularly impressed with management’s cost controls during the first quarter.

The National Storage REIT (ASX: NSR) share price climbed to an all-time high of $1.92 on Tuesday. The self-storage giant’s shares have been in demand this year following the Reserve Bank’s cash rate cuts. After all, even after their strong gain this year, National Storage’s shares offer a generous trailing 5% distribution yield. Another positive is the improving housing market. As the number of housing transfers (people moving houses) increases, so too should demand for the company’s services from consumers.


Disney lifts Dow, S&P 500 to records .
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