Massimo Group (NASDAQ:MAMO) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Massimo Group (NASDAQ:MAMO) to a buy rating in a research note released on Saturday morning.

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

Massimo Group Trading Down 1.1%

MAMO opened at $3.65 on Friday. Massimo Group has a 12 month low of $1.84 and a 12 month high of $5.39. The business’s 50-day moving average price is $3.90 and its 200-day moving average price is $3.16. The company has a market cap of $151.99 million, a P/E ratio of -182.41 and a beta of -0.45.

Massimo Group (NASDAQ:MAMO) last issued its earnings results on Friday, November 7th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $16.99 million during the quarter. Massimo Group had a negative return on equity of 3.96% and a negative net margin of 1.17%.

Institutional Investors Weigh In On Massimo Group

An institutional investor recently bought a new position in Massimo Group stock. Millennium Management LLC acquired a new position in Massimo Group (NASDAQ:MAMO) during the third quarter, according to its most recent filing with the SEC. The firm acquired 37,284 shares of the company’s stock, valued at approximately $88,000. Millennium Management LLC owned about 0.09% of Massimo Group as of its most recent filing with the SEC.

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.