Massimo Group (NASDAQ:MAMO – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 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.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of 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, the company has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on Massimo Group
Massimo Group Stock Performance
The firm has a market capitalization of $43.51 million, a PE ratio of 10.45 and a beta of 0.31. The business’s 50 day moving average is $0.97 and its two-hundred day moving average is $1.20.
Massimo Group (NASDAQ:MAMO – Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $14.92 million for the quarter. Massimo Group had a net margin of 6.04% and a return on equity of 17.60%.
Hedge Funds Weigh In On Massimo Group
A hedge fund recently bought a new stake in Massimo Group stock. BlackRock Inc. acquired a new stake in shares of Massimo Group (NASDAQ:MAMO – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 31,052 shares of the company’s stock, valued at approximately $30,000. BlackRock Inc. owned 0.07% of Massimo Group as of its most recent filing with the SEC.
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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