Massimo Group (NASDAQ:MAMO) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Massimo Group (NASDAQ:MAMO) from a hold rating to a buy rating in a report released on Sunday.

Massimo Group Stock Performance

Shares of NASDAQ MAMO opened at $1.00 on Friday. The firm has a market cap of $41.64 million, a PE ratio of -49.98 and a beta of 0.56. Massimo Group has a 1-year low of $0.85 and a 1-year high of $5.59. The company has a fifty day moving average price of $1.53 and a 200 day moving average price of $2.81.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Citadel Advisors LLC raised its position in Massimo Group by 43.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock valued at $45,000 after buying an additional 5,844 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Massimo Group during the 4th quarter worth approximately $69,000. Goldman Sachs Group Inc. acquired a new position in Massimo Group during the 4th quarter worth approximately $78,000. Millennium Management LLC bought a new position in shares of Massimo Group during the 3rd quarter worth approximately $88,000. Finally, Geode Capital Management LLC grew its stake in shares of Massimo Group by 152.0% during the 4th quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock worth $300,000 after acquiring an additional 45,537 shares in the last quarter.

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.