Massimo Group (NASDAQ:MAMO) Stock Price Up 4% – What’s Next?

Posted by ABMN Staff on Nov 14th, 2024

Massimo Group (NASDAQ:MAMO – Get Free Report) shares shot up 4% on Wednesday . The company traded as high as $4.49 and last traded at $4.47. 203,916 shares changed hands during trading, an increase of 267% from the average session volume of 55,628 shares. The stock had previously closed at $4.30.

Massimo Group Trading Up 4.0 %

The stock’s 50 day moving average is $3.87 and its 200 day moving average is $3.78.

Massimo Group (NASDAQ:MAMO – Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.08 earnings per share (EPS) for the quarter. Massimo Group had a net margin of 12.44% and a return on equity of 84.23%. The firm had revenue of $35.40 million for the quarter.

Institutional Investors Weigh In On Massimo Group

A hedge fund recently bought a new stake in Massimo Group stock. Evernest Financial Advisors LLC bought a new stake in shares of Massimo Group (NASDAQ:MAMO – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,061 shares of the company’s stock, valued at approximately $41,000.

Massimo Group Company Profile

(Get Free Report)

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.