Massimo Group (NASDAQ:MAMO) Issues Quarterly Earnings Results

Massimo Group (NASDAQ:MAMO) announced its quarterly earnings results on Friday. The company reported $0.04 EPS for the quarter, Zacks reports. The firm had revenue of $16.99 million during the quarter. Massimo Group had a negative net margin of 6.11% and a negative return on equity of 23.03%.

Massimo Group Stock Down 6.0%

NASDAQ:MAMO opened at $3.00 on Friday. The firm has a market cap of $124.92 million, a PE ratio of -25.00 and a beta of -0.12. Massimo Group has a 12 month low of $1.84 and a 12 month high of $4.50. The company’s 50-day moving average price is $2.88 and its two-hundred day moving average price is $2.61.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Massimo Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Massimo Group Company Profile

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.