Massimo Group’s (NASDAQ:MAMO – Get Free Report) lock-up period will expire 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. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Massimo Group Price Performance
NASDAQ MAMO opened at $3.66 on Monday. Massimo Group has a 1-year low of $2.76 and a 1-year high of $4.66. The business’s 50 day moving average price is $3.66.
Massimo Group (NASDAQ:MAMO – Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.08 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%.
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.
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