Massimo Group (NASDAQ:MAMO) Releases Quarterly Earnings Results

Massimo Group (NASDAQ:MAMO - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $20.05 million during the quarter. Massimo Group had a net margin of 6.90% and a return on equity of 39.46%.

Massimo Group Stock Performance

NASDAQ:MAMO traded up $0.04 during midday trading on Friday, reaching $2.70. 9,235 shares of the stock traded hands, compared to its average volume of 65,674. The stock has a market capitalization of $112.18 million and a PE ratio of 14.21. Massimo Group has a 12-month low of $2.42 and a 12-month high of $4.66. The business has a 50-day moving average of $2.87 and a two-hundred day moving average of $3.17.

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.