Massimo Group (NASDAQ:MAMO) Trading Down 0% – Should You Sell?

Shares of Massimo Group (NASDAQ:MAMO) traded down 0% during trading on Tuesday . The stock traded as low as $0.9651 and last traded at $0.9699. 34,947 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 91,069 shares. The stock had previously closed at $0.97.

Analyst Ratings Changes

Several analysts recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Massimo Group in a report on Friday, May 1st. Wall Street Zen upgraded Massimo Group from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Massimo Group currently has an average rating of “Sell”.

Massimo Group Stock Performance

The stock has a market capitalization of $40.39 million, a P/E ratio of 13.86 and a beta of 0.41. The business has a fifty day simple moving average of $1.01 and a 200-day simple moving average of $2.21.

Massimo Group (NASDAQ:MAMO) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $12.72 million for the quarter. Massimo Group had a return on equity of 12.15% and a net margin of 3.72%.

Hedge Funds Weigh In On Massimo Group

A number of institutional investors and hedge funds have recently modified their holdings of MAMO. Citadel Advisors LLC boosted its holdings in shares of Massimo Group by 43.7% during the 3rd quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock worth $45,000 after buying an additional 5,844 shares in the last quarter. Millennium Management LLC bought a new position in shares of Massimo Group during the 3rd quarter worth approximately $88,000. Geode Capital Management LLC boosted its holdings in shares of Massimo Group by 152.0% during the 4th quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock worth $300,000 after buying an additional 45,537 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Massimo Group during the 4th quarter worth approximately $78,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Massimo Group during the 4th quarter worth approximately $69,000.

About Massimo Group

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.