Massimo Group (NASDAQ:MAMO) Trading Down 1.4% – Time to Sell?

Shares of Massimo Group (NASDAQ:MAMO) fell 1.4% during mid-day trading on Thursday . The company traded as low as $0.9201 and last traded at $0.9260. 11,373 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 713,764 shares. The stock had previously closed at $0.9393.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen raised Massimo Group from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Massimo Group in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Massimo Group Stock Performance

The firm has a market capitalization of $38.56 million, a PE ratio of 13.23 and a beta of 0.38. The business’s fifty day simple moving average is $0.98 and its 200-day simple moving average is $1.60.

Massimo Group (NASDAQ:MAMO) last released its earnings results on Friday, May 15th. The company reported ($0.02) EPS for the quarter. Massimo Group had a return on equity of 12.15% and a net margin of 3.72%.The company had revenue of $12.71 million during the quarter.

Institutional Trading of Massimo Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in Massimo Group by 152.0% in the 4th quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock worth $300,000 after purchasing an additional 45,537 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Massimo Group during the third quarter valued at about $88,000. Goldman Sachs Group Inc. bought a new stake in shares of Massimo Group in the fourth quarter worth about $78,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Massimo Group in the fourth quarter worth about $69,000. Finally, Citadel Advisors LLC lifted its position in shares of Massimo Group by 43.7% in the third 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.

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.