MAM Software Group (NASDAQ:MAMS) Shares Cross Below 200-Day Moving Average of $10.24

MAM Software Group Inc. (NASDAQ:MAMS)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.24 and traded as low as $12.10. MAM Software Group shares last traded at $12.12, with a volume of 6,000 shares trading hands.

A number of research analysts recently issued reports on the company. ValuEngine lowered MAM Software Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. B. Riley lifted their price target on MAM Software Group from $9.00 to $12.12 and gave the stock a “neutral” rating in a report on Wednesday, September 4th.

The company has a market capitalization of $152.76 million, a PE ratio of 39.03 and a beta of 0.44. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $11.91 and a 200-day simple moving average of $10.28.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in MAM Software Group by 26.0% during the 2nd quarter. Vanguard Group Inc. now owns 28,497 shares of the technology company’s stock worth $289,000 after buying an additional 5,884 shares during the last quarter. BlackRock Inc. lifted its holdings in MAM Software Group by 41.7% during the 2nd quarter. BlackRock Inc. now owns 29,401 shares of the technology company’s stock worth $298,000 after buying an additional 8,657 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in 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 buying an additional 3,263 shares during the last quarter. 33.80% of the stock is owned by institutional investors.

MAM Software Group Company Profile (NASDAQ:MAMS)

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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