Massimo Group (NASDAQ:MAMO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Massimo Group (NASDAQ:MAMO) from a hold rating to a buy rating in a research report report published on Sunday.

Massimo Group Stock Performance

Shares of MAMO opened at $1.00 on Friday. The stock has a market capitalization of $41.48 million, a PE ratio of -49.79 and a beta of 0.52. The company’s fifty day moving average is $1.43 and its 200 day moving average is $2.78. Massimo Group has a fifty-two week low of $0.85 and a fifty-two week high of $5.59.

Massimo Group (NASDAQ:MAMO) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.05 EPS for the quarter. Massimo Group had a negative net margin of 1.17% and a negative return on equity of 3.96%. The business had revenue of $21.02 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAMO. Citadel Advisors LLC raised its position in Massimo Group by 43.7% during the third quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock valued at $45,000 after purchasing an additional 5,844 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of Massimo Group in the 4th quarter valued at approximately $69,000. Goldman Sachs Group Inc. purchased a new position in shares of Massimo Group in the 4th quarter worth approximately $78,000. Millennium Management LLC purchased a new position in shares of Massimo Group in the 3rd quarter worth approximately $88,000. Finally, Geode Capital Management LLC increased its position in shares of Massimo Group by 152.0% during the 4th 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 during the last quarter.

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.