Massimo Group (NASDAQ:MAMO) Trading Down 1.4% - What's Next?

Key Points

• Massimo Group's stock traded down 1.4% on Wednesday, closing at $2.74 after hitting a low of $2.50, with trading volume decreasing significantly by 79%.
• Weiss Ratings reaffirmed a "sell (d)" rating for Massimo Group, contributing to the stock's current average rating of "Sell" among analysts.
• Massimo Group has a market cap of $114.09 million and a negative price-to-earnings ratio of -22.83, indicating challenges in profitability.

Massimo Group (NASDAQ:MAMO - Get Free Report)'s stock price traded down 1.4% on Wednesday . The company traded as low as $2.50 and last traded at $2.74. 3,220 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 15,508 shares. The stock had previously closed at $2.78.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Massimo Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of "Sell".

Massimo Group Stock Performance

The firm has a market cap of $114.09 million, a price-to-earnings ratio of -22.83 and a beta of -0.21. The business's 50 day moving average price is $2.82 and its 200 day moving average price is $2.56.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.