Zacks Investment Research upgraded shares of MAM Software Group (NASDAQ:MAMS) from a sell rating to a hold rating in a report published on Wednesday 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. “
A number of other research firms have also recently weighed in on MAMS. ValuEngine upgraded MAM Software Group from a hold rating to a buy rating in a report on Friday, November 16th. B. Riley set a $9.00 price target on MAM Software Group and gave the stock a hold rating in a report on Thursday, February 14th.
MAMS opened at $8.54 on Wednesday. The company has a market capitalization of $106.64 million, a P/E ratio of 24.88 and a beta of 0.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.09. MAM Software Group has a 1-year low of $6.53 and a 1-year high of $9.26.
MAM Software Group (NASDAQ:MAMS) last released its quarterly earnings results on Monday, February 11th. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $8.96 million for the quarter, compared to analysts’ expectations of $9.46 million. MAM Software Group had a return on equity of 28.81% and a net margin of 11.09%. As a group, equities research analysts forecast that MAM Software Group will post 0.29 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in MAM Software Group stock. BlackRock Inc. increased its position in MAM Software Group Inc. (NASDAQ:MAMS) by 345.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,152 shares of the technology company’s stock after acquiring an additional 15,632 shares during the period. BlackRock Inc. owned approximately 0.16% of MAM Software Group worth $173,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 39.01% 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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