Massimo Group (NASDAQ:MAMO) Issues Earnings Results

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

Massimo Group Price Performance

Shares of MAMO stock opened at $2.66 on Friday. The stock’s fifty day simple moving average is $2.87 and its 200 day simple moving average is $3.19. Massimo Group has a one year low of $2.42 and a one year high of $4.66. The firm has a market cap of $110.08 million and a price-to-earnings ratio of 14.00.

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.