Shares of Massimo Group (NASDAQ:MAMO – Get Free Report) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $0.96 and traded as high as $0.99. Massimo Group shares last traded at $0.9899, with a volume of 8,758 shares.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Massimo Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
View Our Latest Report on MAMO
Massimo Group Stock Performance
The firm’s 50-day moving average is $0.96 and its 200 day moving average is $1.06. The firm has a market capitalization of $41.22 million, a PE ratio of 9.90 and a beta of 0.32.
Massimo Group (NASDAQ:MAMO – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.03 EPS for the quarter. Massimo Group had a net margin of 6.04% and a return on equity of 17.60%. The firm had revenue of $14.92 million for the quarter.
Hedge Funds Weigh In On Massimo Group
A hedge fund recently bought a new position in Massimo Group stock. Bank of America Corp DE purchased a new stake in Massimo Group (NASDAQ:MAMO – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 250,000 shares of the company’s stock, valued at approximately $241,000. Bank of America Corp DE owned approximately 0.60% of Massimo Group at the end of the most recent reporting period.
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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