Tech New Lows: Sungy Mobile Ltd (NASDAQ:GOMO), PC Tel Inc (NASDAQ:PCTI), Majesco Entertainment Co. (NASDAQ:COOL), Voltari Corp (NASDAQ:VLTC)

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Sungy Mobile Ltd. (NASDAQ:GOMO) said it has announced its unaudited financial results for the first quarter ended March 31, 2014. Revenues from mobile application products and services increased by 103.2 percent to RMB48.7m (USD7.8m) from RMB24.0m in the prior year period. Net income increased by 23.7 percent to RMB14.2m (USD2.3m) from RMB11.5m in the prior year period. Net income, excluding the impact of the GetJar acquisition, increased by 82.1 percent to RMB20.9m (USD3.4m) from RMB11.5m in the prior year period. Sungy Mobile Ltd (NASDAQ:GOMO) stock performance was -9.74% in last session and finished the day at $12.51. Traded volume was 1.52million shares in the last session and the average volume of the stock remained 344.86K shares.

PC-Tel Inc (NASDAQ:PCTI) shares saw unusually-strong trading volume on Wednesday following insider buying activity, AnalystRatings.Net reports. Approximately 208,712 shares changed hands during mid-day trading, an increase of 178% from the previous session’s volume of 74,981 shares.The stock last traded at $7.15 and had previously closed at $7.09. PC Tel Inc (NASDAQ:PCTI) rose 0.85 percent to $7.15 Wednesday on volume of 208,712.00million shares. The intra-day range of the stock was $7.00 to $7.28. PC Tel Inc (NASDAQ:PCTI) has a market capitalization of $133.15million.

Majesco Entertainment Company (NASDAQ:COOL), an innovative provider of video games for the mass market, and Focus Home Interactive, announced today that Bound by Flame on PlayStation(R) 4 computer entertainment system, PlayStation(R) 3 computer entertainment system and the Xbox 360 games and entertainment system from Microsoft is on store shelves in North America. Majesco Entertainment Co. (NASDAQ:COOL)’s stock on May 28, 2014 reported a decrease of -3.97% to the closing price of $0.350. Its fifty two weeks range is $0.33 -$0.77. The total market capitalization recorded $16.28million. The overall volume in the last trading session was 155,126.00million shares. In its share capital, COOL has 46.40million outstanding shares.

Voltari Corporation (NASDAQ:VLTC) announced that its 2014 annual meeting of stockholders (the “2014 Annual Meeting”) has been scheduled for July 28, 2014 in New York, NY. The record date for the 2014 Annual Meeting has been set as the close of business on June 16, 2014. On Wednesday, shares of Voltari Corp (NASDAQ:VLTC) dropped -5.24% to close the day at $1.81. Company return on investment (ROI) is -36.80% and its monthly performance is recorded as -48.14%. Voltari Corp (NASDAQ:VLTC) quarterly revenue growth is -54.18%.

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