Massimo Group (NASDAQ:MAMO) Posts Earnings Results

Massimo Group (NASDAQ:MAMO) issued its quarterly earnings data on Tuesday. The company reported $0.05 EPS for the quarter, FiscalAI reports. The firm had revenue of $21.02 million for the quarter. Massimo Group had a negative net margin of 1.17% and a negative return on equity of 3.96%.

Massimo Group Price Performance

NASDAQ MAMO opened at $1.00 on Tuesday. The company has a market cap of $41.68 million, a P/E ratio of -50.02 and a beta of 0.56. The stock has a 50-day moving average of $1.48 and a two-hundred day moving average of $2.80. Massimo Group has a 1-year low of $0.85 and a 1-year high of $5.59.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Massimo Group from a “hold” rating to a “buy” rating in a report on Sunday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Massimo Group presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Massimo Group by 152.0% during the 4th quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock worth $300,000 after buying an additional 45,537 shares during the period. Millennium Management LLC purchased a new position in Massimo Group in the 3rd quarter valued at approximately $88,000. Goldman Sachs Group Inc. purchased a new position in Massimo Group in the 4th quarter valued at approximately $78,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Massimo Group in the fourth quarter worth $69,000. Finally, Citadel Advisors LLC increased its position in shares of Massimo Group by 43.7% during the third quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock worth $45,000 after acquiring an additional 5,844 shares during the period.

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.