Live And On Watch: COOL, ONAV, MCZ

Majesco Entertainment Co. ( NASDAQ:COOL ) reported an increase in profit for the first quarter as compared to comparable period previous year, mainly due to higher revenues and better margins. The company's  net income for the quarter was $6.76 million or $0.18 per share, an increase from $3.81 million or $0.10 per share in the first quarter of previous year. The non-GAAP net income increased to $7.5 million or $0.20 per share from $2.9 million or $0.08 per share last year. The company reported revenue of $48.47 million, an increase of 66% from $29.21 million in the comparable quarter a year ago, driven by the successful launches of Zumba Fitness and Babysitting Mama. The gross margin rose to 40.5 percent from 29.8 percent last year, primarily driven by the higher price points of Zumba Fitness, compared with the company’s Wii and DS titles a in the previous year. The company expects net revenue in a range of $100 million to $110 million for 2011, an increase from the prior range of $85 to $90 million. The adjusted earnings is expected in the range of $0.20 to $0.25 per share range, compared to previous range of $0.06 to $0.10 per share. Majesco Entertainment stock is currently trading at $2.67. The stock is up 12.66% from its previous close. Majesco Entertainment stock touched the high of $2.68 and lowest price in today's session is $2.26. The stock is currently trading above its 50-day and 200-day moving average of $1.63 and $0.92, indicating bullish sentiment. The company stock has traded in the range of $0.49 and $2.84 during the past 52 weeks. The company's market cap is $104.69 million. Omega Navigation Enterprises, Inc. ( NASDAQ:ONAV ) announced the resignation of Matthew W. McCleery from its Board of Directors and Audit Committee and Compensation Committee effective as of March 1, 2011. Mr. McCleery served the company since April, 2006 and resigned to pursue active role in the area of new business development and planning with the company. Omega Navigation Enterprises stock is currently trading at $1.05. The stock is down 0.93% from its previous close. Omega Navigation Enterprises stock touched the high of $1.08 and lowest price in today's session is $1.04. The stock is currently trading below its 50-day and 200-day moving average of $1.16 and $1.42, indicating bearish sentiment. The company stock has traded in the range of $1.00 and $3.05 during the past 52 weeks. The company's market cap is $16.83 million. Mad Catz Interactive, Inc. (USA) ( AMEX:MCZ ) acquired the assets of V Max Simulation Corp., for a consideration of $378,000 in cash at closing and $260,000 in Mad Catz stock, valued at the closing price on February 23. Also, the company will pay a commission equal to 5% of the profits generated from a discrete slice of the fighter flight simulation business to David Kinney, V Max’s President and Founder for fiscal years 2012 through 2016. Mad Catz Interactive stock is currently trading at $1.77. The stock is up 6.63% from its previous close. Mad Catz Interactive stock touched the high of $1.83 and lowest price in today's session is $1.65. The stock is currently trading above its 50-day and 200-day moving average of $1.44 and $0.79, indicating bullish sentiment. The company stock has traded in the range of $0.34 and $2.09 during the past 52 weeks. The company's market cap is $98.63 million. Disclosure: I currently have 4,500 shares of COOL.
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