MAM Software Group Inc. (NASDAQ:MAMS) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus price objective of $9.00 for the company and are forecasting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned MAM Software Group an industry rank of 76 out of 256 based on the ratings given to related companies.
A number of brokerages have recently issued reports on MAMS. ValuEngine cut shares of MAM Software Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of MAM Software Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th.
MAM Software Group stock traded up $0.05 during trading hours on Thursday, hitting $10.90. The company had a trading volume of 3,045 shares, compared to its average volume of 11,436. The firm has a market capitalization of $137.07 million, a price-to-earnings ratio of 33.03 and a beta of 0.41. The company has a quick ratio of 1.11, a current ratio of 1.13 and a debt-to-equity ratio of 0.18. The company’s fifty day moving average is $10.80. MAM Software Group has a fifty-two week low of $6.53 and a fifty-two week high of $11.28.
Institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC increased its position in shares of MAM Software Group by 54.2% during the 2nd quarter. Acadian Asset Management LLC now owns 9,279 shares of the technology company’s stock worth $95,000 after purchasing an additional 3,263 shares in the last quarter. Vanguard Group Inc. increased its position in MAM Software Group by 26.0% in the 2nd quarter. Vanguard Group Inc. now owns 28,497 shares of the technology company’s stock valued at $289,000 after acquiring an additional 5,884 shares in the last quarter. BlackRock Inc. increased its position in MAM Software Group by 41.7% in the 2nd quarter. BlackRock Inc. now owns 29,401 shares of the technology company’s stock valued at $298,000 after acquiring an additional 8,657 shares in the last quarter. Finally, Cove Street Capital LLC increased its position in MAM Software Group by 2.2% in the 1st quarter. Cove Street Capital LLC now owns 939,335 shares of the technology company’s stock valued at $7,994,000 after acquiring an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 36.19% of the company’s stock.
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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