Massimo Group (NASDAQ:MAMO) Raised to Buy at Wall Street Zen

Massimo Group (NASDAQ:MAMO) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Massimo Group Price Performance

MAMO opened at $1.00 on Friday. Massimo Group has a fifty-two week low of $0.85 and a fifty-two week high of $5.59. The firm has a market capitalization of $41.64 million, a P/E ratio of -49.98 and a beta of 0.52. The company’s 50-day moving average is $1.53 and its 200 day moving average is $2.81.

Hedge Funds Weigh In On Massimo Group

A number of hedge funds and other institutional investors have recently modified their holdings of MAMO. Geode Capital Management LLC increased its position in shares of Massimo Group by 152.0% during the fourth quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock valued at $300,000 after acquiring an additional 45,537 shares during the last quarter. Millennium Management LLC bought a new stake in Massimo Group during the third quarter worth $88,000. Goldman Sachs Group Inc. purchased a new position in Massimo Group in the fourth quarter worth $78,000. OMERS ADMINISTRATION Corp purchased a new position in Massimo Group in the fourth quarter worth $69,000. Finally, Citadel Advisors LLC grew its stake in Massimo Group by 43.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock valued at $45,000 after purchasing 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.