MAM Software Group Inc. (NASDAQ:MAMS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
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 restated a “neutral” rating and issued a $6.00 target price on shares of MAM Software Group in a research note on Friday, September 23rd.
Shares of MAM Software Group (NASDAQ:MAMS) opened at 6.03 on Wednesday. The stock has a market cap of $74.77 million, a PE ratio of 21.54 and a beta of 0.10. The company’s 50-day moving average is $6.02 and its 200 day moving average is $6.00. MAM Software Group has a 52 week low of $5.10 and a 52 week high of $7.48.
MAM Software Group (NASDAQ:MAMS) last released its earnings results on Monday, September 26th. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.05. MAM Software Group had a net margin of 11.03% and a return on equity of 44.21%. The company earned $8.40 million during the quarter. Analysts forecast that MAM Software Group will post $0.15 earnings per share for the current fiscal year.
MAM Software Group Company Profile
MAM Software Group, Inc is a technology holding company. The Company, through its subsidiaries, provides information management solutions and services, and cloud-based software solutions for the automotive aftermarket sector of the United States, Canada, the United Kingdom and Ireland. In the United Kingdom and Ireland, the Company also provides management solutions to businesses involved in the wholesale of construction materials.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MAM Software Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAM Software Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.