Massimo Group (NASDAQ:MAMO) Upgraded to “Buy” at Wall Street Zen

Massimo Group (NASDAQ:MAMO) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Massimo Group Price Performance

NASDAQ:MAMO opened at $1.00 on Friday. Massimo Group has a one year low of $0.85 and a one year high of $5.59. The company has a market cap of $41.64 million, a PE ratio of -49.98 and a beta of 0.52. The firm has a 50-day moving average of $1.53 and a 200-day moving average of $2.81.

Institutional Trading of Massimo Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC lifted its holdings in shares of Massimo Group by 43.7% in the third quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock valued at $45,000 after purchasing an additional 5,844 shares in the last quarter. Millennium Management LLC bought a new stake in Massimo Group during the third quarter worth $88,000. Geode Capital Management LLC grew its holdings in Massimo Group by 152.0% during the fourth quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock worth $300,000 after buying an additional 45,537 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Massimo Group in the 4th quarter valued at $78,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Massimo Group in the 4th quarter valued at $69,000.

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. The company sells its products through a network of dealerships, distributors, and chain stores, as well as the e-commerce marketplace.