Massimo Group (NASDAQ:MAMO) Stock Price Down 1% – Here’s What Happened

Massimo Group (NASDAQ:MAMO) dropped 1% during trading on Thursday . The company traded as low as $2.92 and last traded at $3.01. Approximately 43,744 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 41,027 shares. The stock had previously closed at $3.04.

Massimo Group Stock Up 2.3 %

The stock’s 50-day simple moving average is $2.78 and its 200 day simple moving average is $3.36. The company has a market cap of $127.45 million and a price-to-earnings ratio of 16.21.

Institutional Trading of Massimo Group

An institutional investor recently bought a new position in Massimo Group stock. Evernest Financial Advisors LLC purchased a new position in shares of Massimo Group (NASDAQ:MAMO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,061 shares of the company’s stock, valued at approximately $41,000.

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.