Zacks Investment Research downgraded shares of MAM Software Group (NASDAQ:MAMS) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

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 issued a $8.00 price objective on shares of MAM Software Group in a research report on Monday, November 13th.

Shares of MAM Software Group (NASDAQ:MAMS) traded down $0.20 on Tuesday, reaching $7.56. The company’s stock had a trading volume of 19,900 shares, compared to its average volume of 7,718. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.53. MAM Software Group has a 52-week low of $5.91 and a 52-week high of $9.42. The company has a market cap of $97.54, a P/E ratio of 25.87 and a beta of 0.17.

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About MAM Software Group

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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