Massimo Group (NASDAQ:MAMO) Stock Price Up 4% – What’s Next?

Massimo Group (NASDAQ:MAMO) shares traded up 4% during trading on Wednesday . The stock traded as high as $4.49 and last traded at $4.47. 203,916 shares traded hands during trading, an increase of 267% from the average session volume of 55,628 shares. The stock had previously closed at $4.30.

Massimo Group Trading Up 4.0 %

The company has a 50 day moving average of $3.87 and a 200 day moving average of $3.78.

Massimo Group (NASDAQ:MAMO) last released its earnings results on Monday, August 12th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $35.40 million for the quarter. Massimo Group had a return on equity of 84.23% and a net margin of 12.44%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Massimo Group stock. Evernest Financial Advisors LLC purchased a new position in Massimo Group (NASDAQ:MAMO) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,061 shares of the company’s stock, valued at approximately $41,000.

About Massimo Group

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.