Massimo Group (NASDAQ:MAMO) Issues Earnings Results

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

Massimo Group Stock Performance

MAMO stock traded up $0.02 on Wednesday, reaching $2.71. The company had a trading volume of 2,870 shares, compared to its average volume of 66,163. The company’s fifty day moving average is $2.88 and its 200 day moving average is $3.19. The company has a market cap of $112.15 million and a P/E ratio of 14.26. Massimo Group has a 1 year low of $2.42 and a 1 year high of $4.66.

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.