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Massimo Group (NASDAQ:MAMO) Trading 1.4% Higher - Here's Why

Massimo Group logo with Consumer Discretionary background

Massimo Group (NASDAQ:MAMO - Get Free Report) traded up 1.4% on Monday . The company traded as high as $3.02 and last traded at $2.85. 125,899 shares changed hands during mid-day trading, an increase of 88% from the average session volume of 67,056 shares. The stock had previously closed at $2.81.

Massimo Group Stock Performance

The firm has a market capitalization of $119.19 million and a P/E ratio of 15.16. The stock has a fifty day moving average price of $3.59 and a two-hundred day moving average price of $3.65.

Institutional Investors Weigh In On Massimo Group

An institutional investor recently bought a new position in Massimo Group stock. Evernest Financial Advisors LLC acquired a new position in shares of Massimo Group (NASDAQ:MAMO - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 11,061 shares of the company's stock, valued at approximately $41,000.

Massimo Group Company Profile

(Get Free Report)

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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