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- $41.0MMarket Cap
- -54.63%1-Year Change
- Recreational VehiclesIndustry
MASSIMO GRP (MAMO)
Key Performance
More- Earnings Score: N/A
- Momentum Score: 5
- True Yield: N/A
- Financial Health Score: N/A
Latest Research & News
Massimo Stock Tanks As It Eyes AI Hardware Acquisition
Massimo Group (NASDAQ: MAMO) shares plummeted 61.08% to $1.23 in premarket trading after announcing a non-binding letter of intent to acquire FST Development Company Limited, an AI-powered hardware systems firm. The deal, valued between $27-35 million, aims to combine outdoor mobility with intelligent system design and expand into AI health robotics. Despite management highlighting strategic benefits and strong early demand for their 2026 Sentinel Series UTVs, the market reacted negatively to the acquisition announcement.
02/03/2026, 8:13 AM • Benzinga
Peers
Statistics
MoreInformation as of 06/22/2026
Company Profile
Massimo Group, through its subsidiaries, manufactures and sells utility terrain vehicles, all-terrain vehicles, and pontoon and tritoon boats to rural, agricultural, and commercial customers in the United States. It operates in two segments, Sales of UTVs, ATVs and e-bikes; and Sales of Pontoon Boats. The company offers motorcycles, scooters, golf carts, minibikes, go karts, balance bikes, and electric utility carts, as well as snow equipment, recreational vehicles, and other youth-oriented products. It also provides accessories, including EV chargers, electric coolers, power stations, replacement parts and supplies, snowplows, and portable solar panels. The company sells its products through a network of dealerships, distributors, and chain stores, as well as the e-commerce marketplace. Massimo Group was founded in 2009 and is based in Garland, Texas.
Key Executives
- Quenton Petersen
- Quenton Peterson
- David Shan
- Mingqui Xu
Current Ownership Distribution
- Insiders32.4M (77.74%)
- Other9.0M (21.50%)
- Institutions260,919 (0.63%)
- Mutual Funds56,980 (0.14%)