Massimo Group (NASDAQ:MAMO) Announces Earnings Results

Massimo Group (NASDAQ:MAMO) issued its earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, Zacks reports. Massimo Group had a return on equity of 39.46% and a net margin of 6.90%.

Massimo Group Stock Performance

MAMO stock traded up $0.02 during trading on Wednesday, reaching $2.71. 2,870 shares of the company were exchanged, compared to its average volume of 66,163. The stock’s 50 day moving average price is $2.88 and its 200 day moving average price is $3.19. Massimo Group has a 52-week low of $2.42 and a 52-week high of $4.66. The company has a market cap of $112.15 million and a P/E ratio of 14.26.

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.