Massimo Group (NASDAQ:MAMO – Get Free Report) issued its earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, Zacks reports. Massimo Group had a return on equity of 12.15% and a net margin of 3.72%.
Massimo Group Trading Up 0.8%
NASDAQ:MAMO traded up $0.01 on Thursday, hitting $1.04. The company had a trading volume of 3,735 shares, compared to its average volume of 62,844. The stock has a market capitalization of $43.22 million, a price-to-earnings ratio of 14.83 and a beta of 0.33. The firm has a 50 day moving average of $0.99 and a two-hundred day moving average of $1.10. Massimo Group has a 52 week low of $0.85 and a 52 week high of $5.59.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of MAMO. Citadel Advisors LLC boosted its holdings in shares of Massimo Group by 43.7% during the 3rd quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock valued at $45,000 after acquiring an additional 5,844 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Massimo Group in the 4th quarter worth about $69,000. Goldman Sachs Group Inc. bought a new position in Massimo Group in the fourth quarter valued at about $78,000. Millennium Management LLC bought a new position in Massimo Group in the third quarter valued at about $88,000. Finally, Geode Capital Management LLC boosted its stake in shares of Massimo Group by 152.0% during the fourth quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock valued at $300,000 after purchasing an additional 45,537 shares in the last quarter.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Massimo Group
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. The company sells its products through a network of dealerships, distributors, and chain stores, as well as the e-commerce marketplace.
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