Massimo Group (NASDAQ:MAMO) Share Price Breaks Above 50 Day Moving Average – Should You Sell?

Massimo Group (NASDAQ:MAMO)’s stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $0.97 and traded as high as $1.05. Massimo Group shares last traded at $1.0450, with a volume of 86,687 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Massimo Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, September 25th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Massimo Group Price Performance

The stock has a market cap of $39.68 million, a price-to-earnings ratio of 9.53 and a beta of 0.31. The business’s 50 day moving average is $0.97 and its 200 day moving average is $1.17.

Massimo Group (NASDAQ:MAMO) last issued its earnings results on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $14.92 million for the quarter. Massimo Group had a return on equity of 17.60% and a net margin of 6.04%.

Institutional Trading of Massimo Group

An institutional investor recently bought a new stake in Massimo Group stock. Bank of America Corp DE purchased a new position in shares of Massimo Group (NASDAQ:MAMO) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 250,000 shares of the company’s stock, valued at approximately $241,000. Bank of America Corp DE owned 0.60% of Massimo Group at the end of the most recent reporting period.

Massimo Group Company Profile

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.