Massimo Group’s Quiet Period To End on May 13th (NASDAQ:MAMO)

Massimo Group’s (NASDAQ:MAMO) quiet period is set to expire on Monday, May 13th. Massimo Group had issued 1,300,000 shares in its initial public offering on April 2nd. The total size of the offering was $5,850,000 based on an initial share price of $4.50. During Massimo Group’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Massimo Group Trading Down 1.7 %

Shares of Massimo Group stock opened at $4.02 on Friday. Massimo Group has a 52 week low of $2.90 and a 52 week high of $4.66.

Massimo Group (NASDAQ:MAMO) last released its quarterly earnings results on Tuesday, April 16th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $14.60 million for the quarter.

Massimo Group Company Profile

Massimo Group, through its subsidiaries, manufactures, imports, distributes, and sells utility terrain vehicles, all-terrain vehicles, and pontoon and tritoon boats. It also offers motorcycles, scooters, golf carts, and go karts and balance bikes. In addition, the company provides product lines, such as EV chargers, electric coolers, power stations, and portable solar panels.