Zacks Investment Research upgraded shares of MAM Software Group (NASDAQ:MAMS) from a sell rating to a hold rating in a research note released on Thursday morning.
According to Zacks, “MAM Software Group, Inc. develops and markets software solutions with the objective to bring competitive advantages and increased profitability to its clients and business partners. The Company is bringing its professional business management systems and e-commerce solutions to the US automotive aftermarket. The Company’s Autopart v20 software is an enterprise management solution for two step parts distributors and jobbers. It is a feature-rich, Windows-based application offering fully-integrated point-of-sale, inventory control and accounting functionality. “
Several other research firms have also weighed in on MAMS. B. Riley set a $9.00 price objective on shares of MAM Software Group and gave the stock a hold rating in a report on Thursday, February 14th. ValuEngine raised shares of MAM Software Group from a hold rating to a buy rating in a report on Friday, November 16th.
NASDAQ:MAMS opened at $8.58 on Thursday. MAM Software Group has a 12-month low of $6.53 and a 12-month high of $9.26. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 1.07. The stock has a market capitalization of $108.02 million, a P/E ratio of 26.00 and a beta of 0.28.
MAM Software Group (NASDAQ:MAMS) last posted its quarterly earnings results on Monday, February 11th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. MAM Software Group had a net margin of 11.09% and a return on equity of 28.81%. The firm had revenue of $8.96 million during the quarter, compared to analyst estimates of $9.46 million. Equities analysts predict that MAM Software Group will post 0.29 EPS for the current fiscal year.
An institutional investor recently raised its position in MAM Software Group stock. BlackRock Inc. raised its position in shares of MAM Software Group Inc. (NASDAQ:MAMS) by 345.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,152 shares of the technology company’s stock after buying an additional 15,632 shares during the period. BlackRock Inc. owned about 0.16% of MAM Software Group worth $173,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 38.52% of the company’s stock.
MAM Software Group Company Profile
MAM Software Group, Inc, through its subsidiaries, provides software, information, and e-commerce and related services to businesses engaged in the automotive aftermarket in the United States, Canada, the United Kingdom, and Ireland. The company offers business management systems, including its proprietary software applications, implementation and training, and third-party hardware and peripherals; and information products, such as an accessible catalog database related to parts, tires, labor estimates, scheduled maintenance, repair information, technical service bulletins, pricing, and product features and benefits.
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