MAM Software Group (MAMS) Posts Quarterly Earnings Results, Meets Estimates
MAM Software Group (NASDAQ:MAMS) announced its quarterly earnings data on Friday. The technology company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08, Bloomberg Earnings reports. The firm had revenue of $9.53 million for the quarter, compared to analyst estimates of $9.26 million. MAM Software Group had a net margin of 13.58% and a return on equity of 39.31%.
Shares of NASDAQ:MAMS traded down $0.06 during midday trading on Friday, hitting $8.19. 33,322 shares of the company’s stock were exchanged, compared to its average volume of 6,739. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.07 and a quick ratio of 1.04. The company has a market cap of $101.63 million, a PE ratio of 21.55 and a beta of -0.14. MAM Software Group has a 12 month low of $6.59 and a 12 month high of $9.42.
MAMS has been the subject of several recent research reports. ValuEngine downgraded shares of MAM Software Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Zacks Investment Research downgraded shares of MAM Software Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Finally, B. Riley reissued a “neutral” rating on shares of MAM Software Group in a research report on Thursday.
About MAM Software Group
MAM Software Group, Inc, through its subsidiaries, provides software, information, and e-commerce and related services to businesses engaged in the automotive aftermarket in the United States, Canada, the United Kingdom, and Ireland. It provides business management systems, including its proprietary software applications, implementation and training, and third-party hardware and peripherals; information products, such as an accessible catalog database related to parts, tires, labor estimates, scheduled maintenance, repair information, technical service bulletins, pricing, and product features and benefits; e-commerce and online services and products that connect manufacturers, warehouse distributors, retailers, and automotive service providers through the Internet; and customer support and consulting services comprising phone and online support, and implementation and training services.
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