Massimo Group (NASDAQ:MAMO) Trading Down 18.1% - Here's What Happened

Key Points

• Massimo Group's shares plummeted by 18.1% during trading on Tuesday, falling from a previous close of $2.87 to a last traded price of $2.35.
• The company has a market capitalization of $97.85 million and a negative price-to-earnings (PE) ratio of -19.58, indicating financial difficulties.
• Massimo Group manufactures and sells a variety of recreational vehicles including all-terrain vehicles, motorcycles, and marine products, as well as accessories like EV chargers and solar panels.

Massimo Group (NASDAQ:MAMO - ) shares fell 18.1% during trading on Tuesday . The stock traded as low as $2.21 and last traded at $2.35. 89,805 shares were traded during trading, an increase of 20% from the average session volume of 74,991 shares. The stock had previously closed at $2.87.

Massimo Group Trading Down 18.1%

The company has a market cap of $97.85 million, a PE ratio of -19.58 and a beta of -0.05. The company has a fifty day simple moving average of $2.78 and a two-hundred day simple moving average of $2.54.

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.