Massimo Group’s (NASDAQ:MAMO – Get Free Report) lock-up period will end on Monday, September 30th. Massimo Group had issued 1,300,000 shares in its public offering on April 2nd. The total size of the offering was $5,850,000 based on an initial share price of $4.50. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.
Massimo Group Trading Down 4.9 %
Shares of NASDAQ MAMO opened at $3.66 on Monday. Massimo Group has a fifty-two week low of $2.76 and a fifty-two week high of $4.66. The firm has a 50 day simple moving average of $3.66.
Massimo Group (NASDAQ:MAMO – Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.08 earnings per share for the quarter. Massimo Group had a return on equity of 84.23% and a net margin of 12.44%. The company had revenue of $35.40 million for the quarter.
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.
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