ValuEngine lowered shares of MAM Software Group (NASDAQ:MAMS) from a buy rating to a hold rating in a report issued on Thursday, ValuEngine reports.
Separately, Zacks Investment Research upgraded shares of MAM Software Group from a sell rating to a hold rating in a research note on Wednesday, April 17th.
MAMS stock traded up $0.35 on Thursday, hitting $10.95. 4,800 shares of the company were exchanged, compared to its average volume of 4,176. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.13 and a quick ratio of 1.11. MAM Software Group has a twelve month low of $6.53 and a twelve month high of $11.28. The company has a fifty day simple moving average of $10.50. The firm has a market cap of $133.71 million, a PE ratio of 34.19 and a beta of 0.41.
MAM Software Group (NASDAQ:MAMS) last released its quarterly earnings data on Thursday, May 9th. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. MAM Software Group had a net margin of 10.10% and a return on equity of 25.71%. The company had revenue of $9.48 million during the quarter, compared to the consensus estimate of $9.44 million. Sell-side analysts predict that MAM Software Group will post 0.29 earnings per share for the current year.
A hedge fund recently raised its stake in MAM Software Group stock. Cove Street Capital LLC increased its position in MAM Software Group Inc. (NASDAQ:MAMS) by 2.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 939,335 shares of the technology company’s stock after purchasing an additional 20,000 shares during the quarter. Cove Street Capital LLC owned 7.45% of MAM Software Group worth $7,994,000 as of its most recent filing with the Securities and Exchange Commission. 36.19% of the stock is owned by institutional investors and hedge funds.
About MAM Software Group
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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