Massimo Group (NASDAQ:MAMO – Get Free Report) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $0.97 and traded as high as $1.05. Massimo Group shares last traded at $1.0450, with a volume of 86,687 shares traded.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Massimo Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Massimo Group presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on Massimo Group
Massimo Group Stock Up 9.7%
The firm has a 50 day moving average of $0.97 and a 200 day moving average of $1.20. The firm has a market cap of $43.51 million, a PE ratio of 10.45 and a beta of 0.31.
Massimo Group (NASDAQ:MAMO – Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $14.92 million during the quarter. Massimo Group had a return on equity of 17.60% and a net margin of 6.04%.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Massimo Group stock. BlackRock Inc. acquired a new position in Massimo Group (NASDAQ:MAMO – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 31,052 shares of the company’s stock, valued at approximately $30,000. BlackRock Inc. owned about 0.07% of Massimo Group as of its most recent filing with the Securities and Exchange Commission.
Massimo Group Company Profile
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.
Recommended Stories
- Five stocks we like better than Massimo Group
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
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.
