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Brightpoint Stock Hits New 52-Week Low (CELL)

By TheStreet Wire 05/02/12 - 10:06 AM EDT

Find out if (CELL) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Brightpoint (Nasdaq:CELL) hit a new 52-week low Wednesday as it is currently trading at $5.83, below its previous 52-week low of $5.88 with 49,059 shares traded as of 9:40 a.m. ET. Average volume has been 638,600 shares over the past 30 days.

Brightpoint has a market cap of $422.7 million and is part of the services sector and wholesale industry. Shares are down 45.4% year to date as of the close of trading on Tuesday.

Brightpoint, Inc. provides supply chain solutions to the wireless industry. The company has a P/E ratio of 9.6, above the average wholesale industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Brightpoint as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Brightpoint Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

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