Insider Selling: Majesco Entertainment Director Sells $5,173 in Stock (COOL)
Majesco Entertainment (NASDAQ:COOL) Director Allan Grafman sold 3,116 shares of the stock on the open market in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1.66, for a total value of $5,172.56. Following the completion of the sale, the director now directly owns 24,100 shares in the company, valued at approximately $40,006. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Majesco Entertainment (NASDAQ:COOL) traded down 1.18% during mid-day trading on Friday, hitting $1.67. 25,211 shares of the company’s stock traded hands. Majesco Entertainment has a 1-year low of $1.60 and a 1-year high of $5.32. The stock’s 50-day moving average is $1.95 and its 200-day moving average is $2.79. The company’s market cap is $10.7 million.
Majesco Entertainment (NASDAQ:COOL) last posted its quarterly earnings results on Monday, June 9th. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $0.02. The company had revenue of $3.20 million for the quarter, compared to the consensus estimate of $5.80 million. During the same quarter last year, the company posted ($0.05) earnings per share. On average, analysts predict that Majesco Entertainment will post $-1.65 earnings per share for the current fiscal year.
Majesco Entertainment Company is a provider of interactive entertainment software primarily for the casual game playing, mass-market consumer.
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