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Massimo Group (NASDAQ:MAMO) Shares Up 4.6% - Still a Buy?

Massimo Group logo with Consumer Discretionary background

Key Points

  • Massimo Group's shares rose by 4.6%, peaking at $2.97 during mid-day trading, despite a significant decrease in trading volume compared to the average.
  • The company has a market cap of $123.67 million and a P/E ratio of -24.75, indicating it is currently operating at a loss.
  • Massimo Group manufactures and sells a variety of vehicles including ATV's, motorcycles, and EV accessories, which demonstrates its diverse product range in the consumer discretionary sector.
  • Need better tools to track Massimo Group? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Massimo Group (NASDAQ:MAMO - Get Free Report) shares were up 4.6% during trading on Monday . The stock traded as high as $2.97 and last traded at $2.97. Approximately 9,498 shares traded hands during trading, a decline of 66% from the average daily volume of 28,139 shares. The stock had previously closed at $2.84.

Massimo Group Trading Down 6.4%

The company's fifty day moving average price is $2.65 and its 200 day moving average price is $2.56.

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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