VELT At 52-Week Low – Holding For China’s Mobile Growth?

Velti PLC (VELT), the largest mobile marketing provider listed on Nasdaq, is down 85% over 12 months, and off 61% since January. With a market cap of $120.2 million, and a P/B ratio of 0.4, the company reported $189.2 million in revenue for fiscal year 2011, and more recently, revenue of $270.3 million in 2012, an increase of 43% from fiscal year 2011.

The GuruFocus 52-week low screener reveals that Velti PLC (VELT) is at its 52-week low of $2.00 (the high was $14.65). According to the GuruFocus Value Screen for 52-week lows, VELT is 86.3% off high.

But top Gurus, namely Ron Baron of Baron Funds and Manning & Napier Advisors Inc., held on through the fourth quarter.

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