Massimo Group (NASDAQ:MAMO) Trading Down 1.4% – What’s Next?

Massimo Group (NASDAQ:MAMO)’s share price dropped 1.4% during trading on Wednesday . The company traded as low as $2.50 and last traded at $2.74. Approximately 3,220 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 15,508 shares. The stock had previously closed at $2.78.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Massimo Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Massimo Group presently has an average rating of “Sell”.

Massimo Group Trading Down 1.4%

The company has a market capitalization of $114.09 million, a price-to-earnings ratio of -22.83 and a beta of -0.21. The company has a fifty day moving average of $2.82 and a 200-day moving average of $2.56.

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.