Massimo Group (NASDAQ:MAMO) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Massimo Group (NASDAQ:MAMO) from a buy rating to a hold rating in a research note published on Saturday morning.

Massimo Group Trading Up 2.4%

Massimo Group stock opened at $0.96 on Friday. Massimo Group has a 12 month low of $0.85 and a 12 month high of $5.59. The stock’s 50 day moving average is $1.76 and its 200-day moving average is $2.85. The company has a market capitalization of $39.97 million, a price-to-earnings ratio of -47.98 and a beta of 0.56.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC boosted its position in shares of 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 bought a new position in Massimo Group during the fourth quarter worth about $69,000. Goldman Sachs Group Inc. bought a new position in Massimo Group during the fourth quarter worth about $78,000. Millennium Management LLC acquired a new stake in Massimo Group in the 3rd quarter worth about $88,000. Finally, Geode Capital Management LLC raised its stake in Massimo Group by 152.0% in the 4th quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock worth $300,000 after purchasing an additional 45,537 shares in the last quarter.

Massimo Group Company Profile

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.