Massimo Group (NASDAQ:MAMO) Stock Price Up 4.6% - Should You Buy?

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.

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

Massimo Group Price Performance

The firm's 50 day moving average is $2.66 and its 200 day moving average is $2.55. The company has a market cap of $116.18 million, a PE ratio of -23.25 and a beta of -0.06.

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.