Massimo Group (NASDAQ:MAMO) Trading Down 1.4% – What’s Next?

Massimo Group (NASDAQ:MAMO)’s stock price traded down 1.4% on Wednesday . The company traded as low as $2.50 and last traded at $2.74. 3,220 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 15,508 shares. The stock had previously closed at $2.78.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Massimo Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Massimo Group Stock Performance

The firm has a market cap of $114.09 million, a price-to-earnings ratio of -22.83 and a beta of -0.21. The business’s 50 day moving average price is $2.82 and its 200 day moving average price is $2.56.

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.