Roth Capital Starts Mad Catz Interactive (MCZ) at Buy

Roth Capital initiates coverage on Mad Catz Interactive (NYSE: MCZ) with a Buy rating and a price target of $0.65.

Analyst Dave King commented, "We are initiating coverage with a Buy rating and $0.65 price target. We believe MCZ is on the verge of becoming profitable, helped by several tailwinds including the ongoing gaming console replacement cycle and launch of Rock Band 4. Meanwhile, management has invested in product development to position the business for more widespread adoption of mobile gaming. We believe shares are attractively-valued at ~2.2x FY15E (March) book value, in the context of our FY17 ROE estimate of ~20%."

For an analyst ratings summary and ratings history on Mad Catz Interactive click here. For more ratings news on Mad Catz Interactive click here.

Shares of Mad Catz Interactive closed at $0.43 yesterday.

You May Also Be Interested In

• Macquarie Double Upgrades Kinsus Interconnect Technology Corp (3189:TT) to Outperform
• The Simply Goods Group (SMPL) PT Raised to $15 at UBS Following Q3 Earnings
• Magnolia Oil & Gas Corp. (MGY) PT Lowered to $34 at UBS