MAM Software Group(NASDAQ:MAMS) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $7.382M. Analysts estimated a revenue of $8.000M. The revenues were -7.72% below the estimates. Earnings per share were $0.02. The reported EPS was below estimates by -33.33%. Analysts had estimated an EPS of $0.03.
MAM Software Group (MAMS) shares turned negative on Wednesdays trading session with the shares closing down -0.04 points or -0.61% at a volume of 10,164. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.5295. The peak price level was also seen at $6.5295 while the days lowest was $6.46. Finally the shares closed at $6.5. The 52-week high of the shares is $7.77 while the 52-week low is $5.1. According to the latest information available, the market cap of the company is $80 M.
MAM Software Group Inc. is a technology holding company. The Company through its subsidiaries provides information management solutions and services and cloud-based software solutions for the automotive aftermarket sector of the United States Canada the United Kingdom and Ireland. In the United Kingdom and Ireland the Company also provides management solutions to businesses involved in the wholesale of construction materials. The Company has two subsidiaries: MAM Software Inc. (MAM US) and MAM Software Limited (MAM Ltd.). MAM US has two divisions: VAST and Autopart. The VAST division develops open business management systems and distribution channel e-commerce systems for the automotive aftermarket supply chain. The Autopart division provides software solutions to the North American automotive aftermarket. MAM Ltd. specializes in providing business management solutions to the motor factor retailing and wholesale distribution sectors.