Massimo Group (NASDAQ:MAMO) Stock Price Down 3% – Should You Sell?

Shares of Massimo Group (NASDAQ:MAMO) traded down 3% during trading on Tuesday . The company traded as low as $3.93 and last traded at $4.25. 85,327 shares traded hands during trading, a decline of 5% from the average session volume of 90,089 shares. The stock had previously closed at $4.38.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Massimo Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Massimo Group presently has a consensus rating of “Sell”.

Massimo Group Trading Down 3.0%

The firm has a 50 day moving average price of $3.24 and a 200-day moving average price of $2.79. The firm has a market cap of $176.97 million, a price-to-earnings ratio of -212.39 and a beta of -0.56.

Massimo Group (NASDAQ:MAMO) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.04 EPS for the quarter. Massimo Group had a negative net margin of 1.17% and a negative return on equity of 3.96%. The firm had revenue of $16.99 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Massimo Group stock. Citadel Advisors LLC boosted its stake in Massimo Group (NASDAQ:MAMO) by 43.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,218 shares of the company’s stock after buying an additional 5,844 shares during the quarter. Citadel Advisors LLC’s holdings in Massimo Group were worth $45,000 as of its most recent filing with the SEC.

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.