The MAM Software Group Inc. (MAMS) Announces Earnings Results, Beats Expectations By $0.03 EPS

The MAM Software Group Inc. (MAMS) Announces  Earnings Results, Beats Expectations By $0.03 EPS

MAM Software Group (NASDAQ MAMS) opened at 6.2192 on Monday. MAM Software Group has a 12-month low of $5.21 and a 12-month high of $7.77. The firm has a market capitalization of $76.30 million, a PE ratio of 21.1537 and a beta of 0.06. The company has a 50-day moving average price of $6.25 and a 200-day moving average price of $6.39.

MAM Software Group Inc. (NASDAQ:MAMS) posted its quarterly earnings data on Monday. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03, MarketWatch Earnings reports. The company had revenue of $7.87 million for the quarter, compared to analysts’ expectations of $7.97 million. MAM Software Group had a return on equity of 81.30% and a net margin of 12.19%.

MAMS has been the topic of several recent research reports. Zacks Investment Research upgraded MAM Software Group from a “sell” rating to a “hold” rating in a report on Saturday, April 1st. B. Riley reiterated a “neutral” rating and issued a $6.00 price objective on shares of MAM Software Group in a report on Saturday, May 20th.

In related news, Director Dwight Mamanteo sold 10,269 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $6.36, for a total transaction of $65,310.84. Following the sale, the director now owns 299,248 shares in the company, valued at $1,903,217.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 39.59% of the stock is currently owned by company insiders. MAM Software Group Company Profile

MAM Software Group, Inc (MAM) is a technology holding company. The Company is a provider of cloud-based business and on premise management solutions for the auto parts, tires and vertical distribution industries. Its segments include MAM UK and MAM NA. It operates through three subsidiaries: MAM Software, Inc (MAM NA), MAM Software Limited (MAM Ltd.) and Origin Software Solutions Ltd.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MAMS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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