MAM Software Group (MAMS) Lifted to “Hold” at Zacks Investment Research

MAM Software Group (NASDAQ:MAMS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

Other research analysts have also recently issued research reports about the company. ValuEngine cut MAM Software Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. B. Riley set a $9.00 price target on MAM Software Group and gave the stock a “hold” rating in a research note on Thursday, February 14th.

Shares of MAMS opened at $8.45 on Wednesday. The firm has a market cap of $106.89 million, a P/E ratio of 25.61 and a beta of 0.28. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. MAM Software Group has a 12 month low of $6.53 and a 12 month high of $9.26.

MAM Software Group (NASDAQ:MAMS) last issued its quarterly earnings data on Monday, February 11th. The technology company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. The firm had revenue of $8.96 million during the quarter, compared to the consensus estimate of $9.46 million. MAM Software Group had a return on equity of 28.81% and a net margin of 11.09%. On average, equities analysts forecast that MAM Software Group will post 0.29 earnings per share for the current fiscal year.

MAM Software Group Company Profile

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.

Further Reading: Why investors pay attention to retained earnings

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