Massimo Group (NASDAQ:MAMO) Releases Earnings Results

Massimo Group (NASDAQ:MAMO) released its quarterly earnings data 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 during trading hours on Thursday, hitting $1.04. The stock had a trading volume of 3,735 shares, compared to its average volume of 877,994. The company has a market cap of $43.22 million, a PE ratio of 14.83 and a beta of 0.33. The business has a 50 day simple moving average of $0.99 and a two-hundred day simple moving average of $1.12. Massimo Group has a 1-year low of $0.85 and a 1-year high of $5.59.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MAMO. Goldman Sachs Group Inc. purchased a new position in shares of Massimo Group in the fourth quarter valued at $78,000. Geode Capital Management LLC increased its stake in Massimo Group by 152.0% during the 4th quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock worth $300,000 after buying an additional 45,537 shares during the period. Millennium Management LLC purchased a new stake in Massimo Group during the 3rd quarter worth $88,000. OMERS ADMINISTRATION Corp acquired a new position in Massimo Group in the 4th quarter worth $69,000. Finally, Citadel Advisors LLC lifted its holdings in Massimo Group by 43.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock worth $45,000 after buying an additional 5,844 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Massimo Group in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Massimo Group Company Profile

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.