Insider Selling: Mandalay Digital Group COO Unloads 2,917 Shares of Stock (MNDL)
Mandalay Digital Group (NASDAQ:MNDL) COO William Gordon Stone III sold 2,917 shares of the stock on the open market in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $5.40, for a total value of $15,751.80. Following the transaction, the chief operating officer now directly owns 285,416 shares of the company’s stock, valued at approximately $1,541,246. The sale was disclosed in a filing with the SEC, which is available at this link.
Mandalay Digital Group (NASDAQ:MNDL) traded up 1.75% during mid-day trading on Thursday, hitting $5.23. 563,152 shares of the company’s stock traded hands. Mandalay Digital Group has a 1-year low of $2.28 and a 1-year high of $6.00. The stock has a 50-day moving average of $4.25 and a 200-day moving average of $3.94. The company’s market cap is $196.0 million.
Mandalay Digital Group (NASDAQ:MNDL) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.12) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.10) by $0.02. The company had revenue of $5.55 million for the quarter, compared to the consensus estimate of $7.07 million. Analysts expect that Mandalay Digital Group will post $-0.04 EPS for the current fiscal year.
Mandalay Digital Group, Inc (NASDAQ:MNDL), formerly NeuMedia, Inc, is a provider of mobile services enabling mobile content distribution and transactions serving mobile operators, end consumers, and original equipment manufacturers (OEM’s) of mobile devices and tablets.
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