Massimo Group (NASDAQ:MAMO) Releases Earnings Results

Massimo Group (NASDAQ:MAMO) issued its quarterly earnings data on Friday. The company reported ($0.02) EPS for the quarter, FiscalAI reports. The company had revenue of $12.72 million for the quarter. Massimo Group had a return on equity of 7.49% and a net margin of 2.10%.

Massimo Group Stock Performance

Massimo Group stock remained flat at $0.99 during midday trading on Friday. The company had a trading volume of 107,795 shares, compared to its average volume of 344,869. The company has a market capitalization of $41.22 million, a PE ratio of 14.14 and a beta of 0.45. Massimo Group has a 1 year low of $0.85 and a 1 year high of $5.59. The business’s 50 day moving average is $1.02 and its two-hundred day moving average is $2.38.

Hedge Funds Weigh In On Massimo Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC acquired a new position in Massimo Group in the third quarter valued at approximately $88,000. Citadel Advisors LLC boosted its stake in Massimo Group by 43.7% in the third quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock valued at $45,000 after acquiring an additional 5,844 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in Massimo Group in the fourth quarter valued at approximately $69,000. Goldman Sachs Group Inc. acquired a new position in Massimo Group in the fourth quarter valued at approximately $78,000. Finally, Geode Capital Management LLC boosted its stake in Massimo Group by 152.0% in the fourth quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock valued at $300,000 after acquiring an additional 45,537 shares during the period.

Wall Street Analyst Weigh In

MAMO has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Massimo Group in a research report on Friday, May 1st. Wall Street Zen raised Massimo Group from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.