MAM Software Group Inc. (NASDAQ:MAMS) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 7,000 shares, a growth of 42.9% from the July 31st total of 4,900 shares. Based on an average daily trading volume, of 11,400 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are sold short.
Shares of NASDAQ MAMS remained flat at $$11.99 during midday trading on Friday. The stock had a trading volume of 51,743 shares, compared to its average volume of 19,805. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.11 and a current ratio of 1.13. MAM Software Group has a one year low of $6.53 and a one year high of $12.06. The stock has a fifty day simple moving average of $11.08 and a 200-day simple moving average of $9.66. The stock has a market cap of $151.56 million, a price-to-earnings ratio of 36.33 and a beta of 0.45.
Several equities research analysts have recently commented on the company. B. Riley lifted their target price on MAM Software Group from $9.00 to $12.12 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. ValuEngine cut MAM Software Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.
MAM Software Group Company Profile
MAM Software Group, Inc, through its subsidiaries, provides software, information, and e-commerce and related services to businesses engaged in the automotive aftermarket in the United States, Canada, the United Kingdom, and Ireland. The company offers business management systems, including its proprietary software applications, implementation and training, and third-party hardware and peripherals; and information products, such as an accessible catalog database related to parts, tires, labor estimates, scheduled maintenance, repair information, technical service bulletins, pricing, and product features and benefits.
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