DALLAS, Feb. 11, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Mad Catz Interactive Inc. (AMEX:MCZ). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Mad Catz Interactive Inc. (MCZ) engages in the design, manufacture, marketing and distribution of accessories for videogame systems and PCs under its Mad Catz (casual gaming), Saitek (simulation), Cyborg (pro gaming), Eclipse (home and office) and Tritton (gaming audio) brands. It also operates e-commerce and content Web sites for videogame and PC products under its GameShark brand; develops, manufactures and markets proprietary earphones under its AirDrives brand; and publishes and distributes video/PC games. The Company distributes its products through most of the leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia.
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In the report, the analyst notes:
"MCZ saw shares jump 19.83% on Thursday to close the day at $1.45, a day after the San Diego-based video game accessory provider posted strong results for its fiscal third quarter ended December 31, 2010. The stock set a new 52-week high during the session when it reached $1.59. The stock traded on heavy volume of 10.64 million shares trading hands, compared to its average daily volume of 697.80K shares.
"For the quarter, MCZ generated record net sales of $93 million, up 91% from the comparable quarter of the prior year, as the Company enjoyed strong demand for its Rock Band 3 products, a continued growth in its Tritton audio products, as well as its line of Call of Duty accessories. The Company also cited strong performance of its Cyborg line of gaming mice and the third party distribution of Turtle Beach products in Europe."
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