Massimo Group (NASDAQ:MAMO) Stock Price Up 3.5% – Here’s What Happened

Massimo Group (NASDAQ:MAMO) was up 3.5% during mid-day trading on Tuesday . The stock traded as high as $2.52 and last traded at $2.34. Approximately 17,796 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 50,592 shares. The stock had previously closed at $2.26.

Massimo Group Trading Up 3.5%

The company has a market capitalization of $97.22 million and a P/E ratio of 12.32. The company’s fifty day moving average is $2.55 and its 200 day moving average is $2.87.

Massimo Group (NASDAQ:MAMO) last posted its earnings results on Wednesday, March 26th. The company reported ($0.01) earnings per share for the quarter. Massimo Group had a net margin of 6.90% and a return on equity of 39.46%. The company had revenue of $20.05 million for the quarter.

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.