Massimo Group (NASDAQ:MAMO) Share Price Breaks Above 50 Day Moving Average – Here’s What Happened

Massimo Group (NASDAQ:MAMO) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $0.96 and traded as high as $0.99. Massimo Group shares last traded at $0.9899, with a volume of 8,758 shares.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Massimo Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

Massimo Group Stock Performance

The company’s fifty day moving average is $0.96 and its two-hundred day moving average is $1.04. The company has a market cap of $40.59 million, a price-to-earnings ratio of 9.80 and a beta of 0.32.

Massimo Group (NASDAQ:MAMO) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.03 EPS for the quarter. The business had revenue of $14.92 million during the quarter. Massimo Group had a net margin of 6.04% and a return on equity of 17.60%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Massimo Group stock. BlackRock Inc. purchased a new stake in Massimo Group (NASDAQ:MAMO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,052 shares of the company’s stock, valued at approximately $30,000. BlackRock Inc. owned about 0.07% of Massimo Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Massimo Group Company Profile

Massimo Group (NASDAQ:MAMO) is a powersports and marine products company that designs, develops, markets and distributes recreational and utility vehicles, as well as pontoon boats. Its product portfolio includes utility-terrain vehicles, all-terrain vehicles, motorcycles and related powersports products, along with a range of pontoon boats sold under the Massimo Marine brand. The company markets its products primarily through a network of dealers and distributors, as well as online and other retail channels.