Massimo Group’s (NASDAQ:MAMO – Get Free Report) quiet period is set to end 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 the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. 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 Stock Up 2.8 %
Shares of MAMO opened at $4.08 on Monday. Massimo Group has a 12 month low of $2.90 and a 12 month high of $4.66.
Massimo Group (NASDAQ:MAMO – Get Free Report) last released its earnings results on Tuesday, April 16th. The company reported $0.10 EPS for the quarter. The business had revenue of $14.60 million for the quarter.
About Massimo Group
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.
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