Weiss Ratings Reiterates Sell (D) Rating for Massimo Group (NASDAQ:MAMO)

Key Points

• Weiss Ratings has reiterated a "sell (d)" rating for Massimo Group (NASDAQ:MAMO), indicating continued negative sentiment towards the stock.
• Massimo Group's stock rose 0.7%, with shares opening at $2.95, but the company has a negative price-to-earnings ratio of -24.58, signaling potential financial struggles.
• The company engages in the manufacturing and sale of various utility and recreational vehicles, along with accessories like EV chargers and portable solar panels.

Massimo Group (NASDAQ:MAMO - Get Free Report)'s stock had its "sell (d)" rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Massimo Group Stock Up 0.7%

Shares of Massimo Group stock opened at $2.95 on Wednesday. The firm has a market cap of $122.84 million, a price-to-earnings ratio of -24.58 and a beta of -0.21. The business has a 50-day moving average price of $2.83 and a 200-day moving average price of $2.55. Massimo Group has a twelve month low of $1.84 and a twelve month high of $4.66.

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.

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