ValuEngine upgraded shares of MAM Software Group (NASDAQ:MAMS) from a hold rating to a buy rating in a research note released on Tuesday.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut MAM Software Group from a hold rating to a sell rating in a research note on Wednesday, December 20th. B. Riley raised their price objective on MAM Software Group from $8.00 to $8.50 and gave the stock a neutral rating in a research note on Monday, February 12th.
MAM Software Group stock opened at $7.76 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.98 and a quick ratio of 0.96. MAM Software Group has a one year low of $6.09 and a one year high of $9.42. The stock has a market capitalization of $103.51, a price-to-earnings ratio of 20.42 and a beta of -0.13.
In other news, Director William Austin Iv Lewis sold 122,000 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $7.55, for a total value of $921,100.00. Following the completion of the transaction, the director now directly owns 606,441 shares in the company, valued at $4,578,629.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dwight Mamanteo sold 80,224 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $7.60, for a total value of $609,702.40. Following the completion of the transaction, the director now owns 210,379 shares of the company’s stock, valued at $1,598,880.40. The disclosure for this sale can be found here. Company insiders own 32.46% of the company’s stock.
A hedge fund recently raised its stake in MAM Software Group stock. Cove Street Capital LLC increased its stake in shares of MAM Software Group (NASDAQ:MAMS) by 20.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 626,786 shares of the technology company’s stock after acquiring an additional 107,586 shares during the period. Cove Street Capital LLC owned about 4.98% of MAM Software Group worth $4,707,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 31.34% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://stocknewstimes.com/2018/04/20/mam-software-group-mams-upgraded-at-valuengine.html.
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. It provides business management systems, including its proprietary software applications, implementation and training, and third-party hardware and peripherals; 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; e-commerce and online services and products that connect manufacturers, warehouse distributors, retailers, and automotive service providers through the Internet; and customer support and consulting services comprising phone and online support, and implementation and training services.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for MAM Software Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAM Software Group and related companies with MarketBeat.com's FREE daily email newsletter.