Massimo Group’s Quiet Period To Expire on May 13th (NASDAQ:MAMO)

Massimo Group’s (NASDAQ:MAMO) quiet period is set to expire on Monday, May 13th. Massimo Group had issued 1,300,000 shares in its initial public offering on April 2nd. The total size of the offering was $5,850,000 based on an initial share price of $4.50. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Massimo Group Trading Up 1.0 %

Shares of NASDAQ MAMO opened at $4.06 on Wednesday. Massimo Group has a 12-month low of $2.90 and a 12-month high of $4.66.

Massimo Group (NASDAQ:MAMO) last released its quarterly earnings data on Tuesday, April 16th. The company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $14.60 million for the quarter.

About Massimo Group

Massimo Group, through its subsidiaries, manufactures, imports, distributes, and sells utility terrain vehicles, all-terrain vehicles, and pontoon and tritoon boats. It also offers motorcycles, scooters, golf carts, and go karts and balance bikes. In addition, the company provides product lines, such as EV chargers, electric coolers, power stations, and portable solar panels.