MAM Software Group (NASDAQ:MAMS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

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 reissued a “hold” rating and issued a $8.00 price target on shares of MAM Software Group in a report on Monday, November 13th.

Shares of MAM Software Group (NASDAQ MAMS) traded down $0.05 during trading hours on Tuesday, hitting $7.51. The company had a trading volume of 4,725 shares, compared to its average volume of 10,388. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.53. MAM Software Group has a 52 week low of $5.91 and a 52 week high of $9.42. The company has a market cap of $93.78, a P/E ratio of 24.87 and a beta of 0.17.

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MAM Software Group Company Profile

MAM Software Group, Inc (MAM) is a technology holding company. The Company is a provider of cloud-based business and on premise management solutions for the auto parts, tires and vertical distribution industries. Its segments include MAM UK and MAM NA. It operates through three subsidiaries: MAM Software, Inc (MAM NA), MAM Software Limited (MAM Ltd.) and Origin Software Solutions Ltd.

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