MAM Software Group (NASDAQ:MAMS) had its target price hoisted by equities research analysts at B. Riley from $8.00 to $8.50 in a report issued on Monday. The brokerage currently has a “neutral” rating on the technology company’s stock. B. Riley’s price target would indicate a potential upside of 11.26% from the stock’s current price.
Separately, Zacks Investment Research lowered shares of MAM Software Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th.
Shares of MAM Software Group (NASDAQ:MAMS) traded up $0.04 during midday trading on Monday, hitting $7.64. 5,400 shares of the stock traded hands, compared to its average volume of 4,670. MAM Software Group has a 1-year low of $5.91 and a 1-year high of $9.42. The firm has a market capitalization of $96.02, a price-to-earnings ratio of 21.83 and a beta of -0.01. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.50.
In other news, Director William Austin Iv Lewis sold 122,000 shares of MAM Software Group stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $7.50, for a total value of $915,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 32.46% of the stock is owned by company insiders.
About MAM Software Group
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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