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Mandalay Digital Group (NASDAQ:MNDL) COO William Gordon Stone III sold 2,917 shares of the company’s stock 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 sale, the chief operating officer now directly owns 285,416 shares in the company, valued at approximately $1,541,246. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Mandalay Digital Group (NASDAQ:MNDL) opened at 5.23 on Friday. Mandalay Digital Group has a 52-week low of $2.28 and a 52-week 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 announced its earnings results on Thursday, August 14th. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters 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.

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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