Majesco Entertainment Co. (NASDAQ:COOL) announced that a 1-for-7 reverse split of its common stock will be effective at the open of trading on Friday, June 13, 2014. The reverse stock split was previously approved by Majesco’s stockholders at its annual meeting held on April 25, 2014. Majesco Entertainment Co. (NASDAQ:COOL) net profit margin is -32.80% and weekly performance is -12.81%. On last trading day company shares ended up $0.279. Analysts mean target price for the company is $1.00. Majesco Entertainment Co. (NASDAQ:COOL) distance from 50-day simple moving average (SMA50) is -26.96%.
On 28 MAY Gordmans Stores, Inc. (NASDAQ:GMAN) announced results for its first quarter (thirteen weeks) ended May 3, 2014. Net sales for the thirteen weeks ended May 3, 2014 increased 8.8% to $143.0 million from $131.4 million for the thirteen weeks ended May 4, 2013. Comparable store sales for the first quarter of fiscal 2014 decreased by 2.7% versus a 10.5% comparable store sales decrease in the first quarter of fiscal 2013. Gordmans Stores, Inc. (NASDAQ:GMAN) shares fell -3.02% in last trading session and ended the day on $4.18. GMAN Gross Margin is 41.70% and its return on assets is 3.40%. Gordmans Stores, Inc. (NASDAQ:GMAN) quarterly performance is -34.07%.
On 29 MAY RiT Technologies Ltd. (NASDAQ:RITT) said that it has signed a distribution agreement for Blue Helix to distribute the full range of RiT products with a focus on the PatchView+ intelligent infrastructure management solution. RiT Technologies Ltd. (NASDAQ:RITT) shares moved down -1.79% in last trading session and was closed at $1.37, while trading in range of $1.30 – $1.42. RiT Technologies Ltd. (NASDAQ:RITT) year to date (YTD) performance is -24.43%.
On 14 MAY Koss Corporation (NASDAQ:KOSS) has reported its third quarter results for the quarter ended March 31, 2014. Sales for the third quarter were $4,300,373 compared to $8,302,113 for the same three month period one year ago, a 48.2%. The three month net loss was $25,121, compared to net income of $115,441 for the third quarter last year. Diluted loss per common share for the quarter was $0.00 compared with diluted income per common share of $0.02 for the same three month period one year ago. Koss Corporation (NASDAQ:KOSS) ended the last trading day at $3.02. Company weekly volatility is calculated as 7.96% and price to cash ratio as 7.69. Koss Corporation (NASDAQ:KOSS) showed a negative weekly performance of -18.38%.
On 27 MAY Geeknet Inc (NASDAQ:GKNT) reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by $0.05. Geeknet Inc (NASDAQ:GKNT) net profit margin is -0.10% and weekly performance is -6.01%. On last trading day company shares ended up $12.83. Analysts mean target price for the company is $18.00. Geeknet Inc (NASDAQ:GKNT) distance from 50-day simple moving average (SMA50) is -7.47%.