Massimo Group (NASDAQ:MAMO) Posts Earnings Results

Massimo Group (NASDAQ:MAMO) posted its quarterly earnings data on Tuesday. The company reported ($0.05) EPS for the quarter, Zacks reports. Massimo Group had a return on equity of 39.46% and a net margin of 6.90%.

Massimo Group Trading Up 3.1%

MAMO stock traded up $0.07 during mid-day trading on Tuesday, reaching $2.34. The company’s stock had a trading volume of 15,691 shares, compared to its average volume of 49,889. Massimo Group has a 12 month low of $2.16 and a 12 month high of $4.66. The business’s 50 day moving average price is $2.52 and its 200 day moving average price is $2.81. The company has a market cap of $97.22 million and a price-to-earnings ratio of 12.32.

About Massimo Group

Massimo Group, through its subsidiaries, engages in the manufacturing and sale of utility terrain vehicles, all-terrain vehicles, and pontoon and tritoon boats. The company also offers motorcycles, scooters, golf carts, and go karts and balance bikes, as well as snow equipment. In addition, it provides accessories, including EV chargers, electric coolers, power stations, and portable solar panels.