Todays Report: The MAM Software Group Inc. (MAMS) gets Sell status at Zacks Investment Research

The MAM Software Group Inc. (MAMS) gets Sell status at Zacks Investment Research

Zacks Investment Research downgraded shares of MAM Software Group Inc. (NASDAQ:MAMS) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

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 reiterated a neutral rating and issued a $5.50 price objective on shares of MAM Software Group in a research report on Monday, October 3rd.

Shares of MAM Software Group (NASDAQ:MAMS) opened at 6.02 on Wednesday. MAM Software Group has a 12-month low of $5.10 and a 12-month high of $7.48. The firm’s 50-day moving average price is $6.03 and its 200-day moving average price is $6.00. The stock has a market cap of $74.65 million, a price-to-earnings ratio of 21.50 and a beta of 0.10.

MAM Software Group (NASDAQ:MAMS) last issued its quarterly earnings data on Monday, September 26th. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.05. The firm had revenue of $8.40 million for the quarter. MAM Software Group had a net margin of 11.03% and a return on equity of 44.21%. On average, analysts forecast that MAM Software Group will post $0.15 EPS for the current fiscal year.

About MAM Software Group

MAM Software Group, Inc is a technology holding company. The Company, through its subsidiaries, provides information management solutions and services, and cloud-based software solutions for the automotive aftermarket sector of the United States, Canada, the United Kingdom and Ireland. In the United Kingdom and Ireland, the Company also provides management solutions to businesses involved in the wholesale of construction materials.

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