Massimo Group (NASDAQ:MAMO) Shares Down 2% – What’s Next?

Massimo Group (NASDAQ:MAMO) shares dropped 2% on Monday. The company traded as low as $0.9312 and last traded at $0.95. 13,225 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 48,067 shares. The stock had previously closed at $0.9690.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Massimo Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Massimo Group Stock Down 1.3%

The firm has a market cap of $38.75 million, a P/E ratio of 9.31 and a beta of 0.31. The firm’s 50-day simple moving average is $1.00 and its 200 day simple moving average is $1.00.

Massimo Group (NASDAQ:MAMO) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.03 earnings per share 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 Investors Weigh In On Massimo Group

An institutional investor recently bought a new stake in Massimo Group stock. Bank of America Corp DE bought a new position in Massimo Group (NASDAQ:MAMO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 250,000 shares of the company’s stock, valued at approximately $241,000. Bank of America Corp DE owned 0.60% of Massimo Group as of its most recent SEC filing.

Massimo Group Company Profile

Massimo Group is a powersports and marine products company that designs, manufactures and distributes recreational and utility vehicles and watercraft. Its product portfolio includes utility terrain vehicles (UTVs), all-terrain vehicles (ATVs), electric and gas-powered powersports models, and pontoon boats.

The company sells its products primarily through a network of dealers and distributors, as well as online retail channels. Massimo serves customers in the United States and supports its business through manufacturing and supply-chain operations in the United States and China.

Massimo Group is headquartered in Garland, Texas.