Shares of Massimo Group (NASDAQ:MAMO - Get Free Report) were up 4% during mid-day trading on Wednesday . The stock traded as high as $4.49 and last traded at $4.47. Approximately 203,916 shares traded hands during mid-day trading, an increase of 267% from the average daily volume of 55,628 shares. The stock had previously closed at $4.30.
Massimo Group Price Performance
The firm has a 50 day moving average of $3.87 and a 200-day moving average of $3.78.
Massimo Group (NASDAQ:MAMO - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $35.40 million during the quarter. Massimo Group had a net margin of 12.44% and a return on equity of 84.23%.
Institutional Trading of Massimo Group
An institutional investor recently bought a new position in Massimo Group stock. Evernest Financial Advisors LLC acquired a new stake in Massimo Group (NASDAQ:MAMO - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,061 shares of the company's stock, valued at approximately $41,000.
Massimo Group Company Profile
(
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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.
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