MAM Software Group (MAMS) Downgraded by Zacks Investment Research

MAM Software Group (NASDAQ:MAMS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

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. “

Separately, B. Riley restated a “hold” rating and issued a $8.00 price objective on shares of MAM Software Group in a report on Monday, November 13th.

MAM Software Group (MAMS) opened at $7.55 on Thursday. MAM Software Group has a 12-month low of $5.91 and a 12-month high of $9.42. The firm has a market capitalization of $95.18, a PE ratio of 21.57 and a beta of -0.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.96 and a current ratio of 0.98.

In other news, Director William Austin Iv Lewis sold 122,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $7.50, for a total value of $915,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 32.46% of the company’s stock.

An institutional investor recently raised its position in MAM Software Group stock. Cove Street Capital LLC increased its stake in MAM Software Group Inc. (NASDAQ:MAMS) by 20.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 626,786 shares of the technology company’s stock after buying an additional 107,586 shares during the quarter. Cove Street Capital LLC owned about 4.98% of MAM Software Group worth $4,707,000 as of its most recent filing with the SEC. Institutional investors own 31.28% of the company’s stock.

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MAM Software Group Company Profile

MAM Software Group, Inc (MAM) is a technology holding company. The Company is a provider of cloud-based business and on premise management solutions for the auto parts, tires and vertical distribution industries. Its segments include MAM UK and MAM NA. It operates through three subsidiaries: MAM Software, Inc (MAM NA), MAM Software Limited (MAM Ltd.) and Origin Software Solutions Ltd.

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