Massimo Group (NASDAQ:MAMO – Get Free Report) shares fell 0.7% on Tuesday. The company traded as low as $0.92 and last traded at $0.9529. 18,046 shares traded hands during mid-day trading, The stock had previously closed at $0.9601.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of Massimo Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Massimo Group has an average rating of “Sell”.
Read Our Latest Stock Analysis on MAMO
Massimo Group Stock Performance
The firm has a fifty day moving average price of $0.97 and a 200 day moving average price of $1.20. The firm has a market capitalization of $40.77 million, a price-to-earnings ratio of 9.79 and a beta of 0.31.
Massimo Group (NASDAQ:MAMO – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.03 EPS for the quarter. The firm had revenue of $14.92 million for the quarter. Massimo Group had a net margin of 6.04% and a return on equity of 17.60%.
Institutional Investors Weigh In On Massimo Group
An institutional investor recently bought a new position in Massimo Group stock. Bank of America Corp DE purchased a new position in Massimo Group (NASDAQ:MAMO – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 250,000 shares of the company’s stock, valued at approximately $241,000. Bank of America Corp DE owned about 0.60% of Massimo Group as of its most recent SEC filing.
About Massimo Group
Massimo Group (NASDAQ:MAMO) is a powersports and marine products company that designs, develops, markets and distributes recreational and utility vehicles, as well as pontoon boats. Its product portfolio includes utility-terrain vehicles, all-terrain vehicles, motorcycles and related powersports products, along with a range of pontoon boats sold under the Massimo Marine brand.
The company markets its products primarily through a network of dealers and distributors, as well as online and other retail channels.
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