MAM Software Group, Inc. (NASDAQ:MAMS) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday. The brokerage currently has a $8.50 price target on the technology company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 13.48% from the stock’s current price.

According to Zacks, “MAM Software Group, Inc. develops and markets software solutions with the objective to bring competitive advantages and increased profitability to its clients and business partners. The Company is bringing its professional business management systems and e-commerce solutions to the US automotive aftermarket. The Company’s Autopart v20 software is an enterprise management solution for two step parts distributors and jobbers. It is a feature-rich, Windows-based application offering fully-integrated point-of-sale, inventory control and accounting functionality. “

Separately, B. Riley reiterated a “hold” rating and set a $8.00 price objective on shares of MAM Software Group in a research note on Monday.

MAM Software Group (NASDAQ MAMS) opened at 7.49 on Wednesday. The company has a market cap of $91.89 million, a P/E ratio of 25.48 and a beta of 0.06. The firm has a 50-day moving average price of $6.96 and a 200 day moving average price of $6.56. MAM Software Group has a 52 week low of $5.91 and a 52 week high of $7.85.

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MAM Software Group Company Profile

MAM Software Group, Inc (MAM) is a technology holding company. The Company is a provider of cloud-based business and on premise management solutions for the auto parts, tires and vertical distribution industries. Its segments include MAM UK and MAM NA. It operates through three subsidiaries: MAM Software, Inc (MAM NA), MAM Software Limited (MAM Ltd.) and Origin Software Solutions Ltd.

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