MAM Software Group Inc. (NASDAQ:MAMS) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totalling 5,500 shares, a drop of 48.1% from the June 15th total of 10,600 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 13,800 shares, the days-to-cover ratio is currently 0.4 days.

Shares of MAMS stock traded up $0.11 during mid-day trading on Friday, reaching $11.04. 5,786 shares of the stock traded hands, compared to its average volume of 4,519. The business has a fifty day moving average price of $10.27. MAM Software Group has a 1-year low of $6.53 and a 1-year high of $11.28. The stock has a market capitalization of $137.84 million, a P/E ratio of 33.45 and a beta of 0.35. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.11 and a current ratio of 1.13.

MAM Software Group (NASDAQ:MAMS) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. The company had revenue of $9.48 million for the quarter, compared to analyst estimates of $9.44 million. MAM Software Group had a return on equity of 25.71% and a net margin of 10.10%. Equities research analysts expect that MAM Software Group will post 0.29 EPS for the current fiscal year.

An institutional investor recently raised its position in MAM Software Group stock. Cove Street Capital LLC increased its stake in MAM Software Group Inc. (NASDAQ:MAMS) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 939,335 shares of the technology company’s stock after acquiring an additional 20,000 shares during the quarter. Cove Street Capital LLC owned about 7.45% of MAM Software Group worth $7,994,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 36.19% of the company’s stock.

A number of analysts have recently commented on MAMS shares. ValuEngine lowered China Southern Airlines from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Zacks Investment Research raised Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th.

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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