MAM Software Group (NASDAQ:MAMS) Announces Earnings Results, Hits Expectations

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MAM Software Group (NASDAQ:MAMS) released its quarterly earnings data on Thursday, May 9th. The technology company reported $0.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07, MarketWatch Earnings reports. MAM Software Group had a net margin of 10.10% and a return on equity of 25.71%. The firm had revenue of $9.48 million for the quarter, compared to analyst estimates of $9.44 million.

Shares of NASDAQ MAMS traded down $0.14 during trading hours on Friday, hitting $8.86. 5,900 shares of the stock were exchanged, compared to its average volume of 9,892. The company has a current ratio of 1.13, a quick ratio of 1.11 and a debt-to-equity ratio of 0.18. MAM Software Group has a one year low of $6.53 and a one year high of $9.26. The company has a market cap of $112.23 million, a P/E ratio of 26.85 and a beta of 0.27.

MAMS has been the topic of several analyst reports. Zacks Investment Research upgraded shares of MAM Software Group from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research note on Wednesday, February 6th. ValuEngine downgraded shares of MAM Software Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, B. Riley set a $9.00 price objective on shares of MAM Software Group and gave the stock a “hold” rating in a report on Thursday, February 14th.

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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.

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Earnings History for MAM Software Group (NASDAQ:MAMS)

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