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 companys 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 Maxs 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.