Majesco Entertainment Co. (NASDAQ:COOL), an innovative provider of video games for the mass market, 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 -12.50%. On last trading day company shares ended up $. Analysts mean target price for the company is $1.00. Majesco Entertainment Co. (NASDAQ:COOL) distance from 50-day simple moving average (SMA50) is -26.70%.
On June 4, MGT Capital Investments, Inc. (NYSEMKT:MGT) is excited to announce the commercial launch of its real money skill-based gaming website,www.mgtplay.com. The site offers a multitude of professionally designed games allowing registered players the opportunity to wager and win cash, in one-on-one play or tournaments. Skill-based games allow players to compete head-to-head with one another via the Internet for small stakes.MGT Capital Investments Inc. (NYSEMKT:MGT) shares fell -4.00% in last trading session and ended the day on $1.20 . Gross Margin is -25.00% and its return on assets is -92.20%. MGT Capital Investments Inc. (NYSEMKT:MGT) quarterly performance is -53.12%.
On May 28, RiT Technologies Ltd. (Nasdaq:RITT) announced that it has signed a distribution agreement with Blue Helix, a leading British supplier of networking products. Blue Helix will distribute the full range of RiT products with a focus on the PatchView+ Intelligent Infrastructure Management (IIM) 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 June 5, MiX Telematics Ltd – ADR (NYSE:MIXT), a leading global provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (SaaS), announced the appointment of Skip Kinford as President and CEO of the MiX Americas business. MiX Telematics Ltd – ADR (NYSE:MIXT) ended the last trading day at $9.20. Company weekly volatility is calculated as 7.38%. MiX Telematics Ltd – ADR (NYSE:MIXT) showed a negative weekly performance of -6.31%.
On May 29, Geeknet (NASDAQ:GKNT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday. They currently have a $12.60 price target on the stock. Zacks‘s price objective suggests a potential downside of 8.63% from the stock’s previous close. 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%.
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