Massimo Group’s (NASDAQ:MAMO – Get Free Report) lock-up period will expire on Monday, September 30th. Massimo Group had issued 1,300,000 shares in its initial public offering on April 2nd. The total size of the offering was $5,850,000 based on an initial share price of $4.50. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.
Massimo Group Price Performance
MAMO stock opened at $3.83 on Monday. Massimo Group has a 52 week low of $2.76 and a 52 week high of $4.66. The stock’s 50-day moving average is $3.63.
Massimo Group (NASDAQ:MAMO – Get Free Report) last announced its earnings results on Monday, August 12th. The company reported $0.08 EPS for the quarter. The business had revenue of $35.40 million during the quarter. Massimo Group had a return on equity of 84.23% and a net margin of 12.44%.
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.
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