MAM Software Group Inc. (NASDAQ:MAMS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “MAM Software Group, Inc. develops and markets software solutions with the objective to bring competitive advantages and increased profitability to its clients and business partners. The Company is bringing its professional business management systems and e-commerce solutions to the US automotive aftermarket. The Company’s Autopart v20 software is an enterprise management solution for two step parts distributors and jobbers. It is a feature-rich, Windows-based application offering fully-integrated point-of-sale, inventory control and accounting functionality. “

Separately, B. Riley restated a “neutral” rating and set a $5.50 price objective on shares of MAM Software Group in a report on Monday, October 3rd.

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MAM Software Group (NASDAQ:MAMS) opened at 6.09 on Wednesday. The firm has a market capitalization of $75.52 million, a price-to-earnings ratio of 21.75 and a beta of 0.11. MAM Software Group has a 1-year low of $5.10 and a 1-year high of $7.48. The stock’s 50 day moving average is $6.03 and its 200 day moving average is $6.00.

MAM Software Group (NASDAQ:MAMS) last posted its quarterly earnings data on Monday, September 26th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. MAM Software Group had a net margin of 11.03% and a return on equity of 44.21%. The business earned $8.40 million during the quarter. Analysts predict that MAM Software Group will post $0.15 EPS for the current fiscal year.

MAM Software Group Company Profile

MAM Software Group, Inc is a technology holding company. The Company, through its subsidiaries, provides information management solutions and services, and cloud-based software solutions for the automotive aftermarket sector of the United States, Canada, the United Kingdom and Ireland. In the United Kingdom and Ireland, the Company also provides management solutions to businesses involved in the wholesale of construction materials.

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