Massimo Group (NASDAQ:MAMO) Announces Earnings Results

Massimo Group (NASDAQ:MAMO) issued its earnings results on Thursday. The company reported $0.03 EPS for the quarter, Zacks reports. Massimo Group had a net margin of 3.72% and a return on equity of 12.15%.

Massimo Group Stock Up 0.8%

Shares of Massimo Group stock traded up $0.01 during trading on Thursday, hitting $1.04. 3,735 shares of the company were exchanged, compared to its average volume of 877,994. Massimo Group has a fifty-two week low of $0.85 and a fifty-two week high of $5.59. The stock has a market capitalization of $43.22 million, a price-to-earnings ratio of 14.83 and a beta of 0.33. The firm has a 50 day moving average price of $0.99 and a 200 day moving average price of $1.12.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Massimo Group in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Massimo Group presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Massimo Group

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. purchased a new stake in Massimo Group in the fourth quarter valued at approximately $78,000. Geode Capital Management LLC raised its stake in Massimo Group by 152.0% during the fourth quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock worth $300,000 after purchasing an additional 45,537 shares during the period. Millennium Management LLC purchased a new position in Massimo Group during the third quarter worth approximately $88,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Massimo Group in the 4th quarter valued at $69,000. Finally, Citadel Advisors LLC boosted its holdings in shares of Massimo Group by 43.7% in the 3rd 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 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.