Wall Street Zen Upgrades Massimo Group (NASDAQ:MAMO) to Buy

Massimo Group (NASDAQ:MAMO) was upgraded by equities researchers at Wall Street Zen to a “buy” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Massimo Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Massimo Group Stock Down 1.1%

Shares of NASDAQ MAMO opened at $3.65 on Friday. The firm’s 50-day simple moving average is $3.90 and its 200 day simple moving average is $3.17. The company has a market cap of $151.99 million, a price-to-earnings ratio of -182.41 and a beta of -0.45. Massimo Group has a 12-month low of $1.84 and a 12-month high of $5.39.

Massimo Group (NASDAQ:MAMO) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.04 earnings per share for the quarter. Massimo Group had a negative net margin of 1.17% and a negative return on equity of 3.96%. The firm had revenue of $16.99 million during the quarter.

Hedge Funds Weigh In On Massimo Group

A hedge fund recently raised its stake in Massimo Group stock. Citadel Advisors LLC raised its holdings in Massimo Group (NASDAQ:MAMO) by 43.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,218 shares of the company’s stock after acquiring an additional 5,844 shares during the quarter. Citadel Advisors LLC’s holdings in Massimo Group were worth $45,000 as of its most recent SEC filing.

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.