Massimo Group (NASDAQ:MAMO – Get Free Report)’s share price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $0.96 and traded as high as $0.99. Massimo Group shares last traded at $0.9899, with a volume of 8,758 shares trading hands.
Analysts Set New Price Targets
Separately, Weiss Ratings raised Massimo Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, September 25th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.
Check Out Our Latest Analysis on MAMO
Massimo Group Stock Performance
The stock’s fifty day moving average price is $0.96 and its 200-day moving average price is $1.06. The firm has a market cap of $41.22 million, a PE ratio of 9.90 and a beta of 0.32.
Massimo Group (NASDAQ:MAMO – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.03 EPS for the quarter. The firm had revenue of $14.92 million during the quarter. Massimo Group had a net margin of 6.04% and a return on equity of 17.60%.
Institutional Investors Weigh In On Massimo Group
An institutional investor recently bought a new position in Massimo Group stock. BlackRock Inc. purchased a new position in shares of Massimo Group (NASDAQ:MAMO – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,052 shares of the company’s stock, valued at approximately $30,000. BlackRock Inc. owned approximately 0.07% of Massimo Group at the end of the most recent reporting period.
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.
Further Reading
- Five stocks we like better than Massimo Group
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Receive News & Ratings for Massimo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Massimo Group and related companies with MarketBeat.com's FREE daily email newsletter.
