It means "So so" in English.
For example, imagine this conversation:
Person A: Hey, how are you?
Person B: Hmm, so so. / Hmm, not too great...
(Assuming that you can read Hiragana I am going to write in both Hiragana and Romaji.)
Person A: こんにちは、元気ですか。 (Konnichiwa, genki desuka?)
Person B: うーん、まあまです。 (Un, mā mā desu.)
I hope my answer was helpful. Please ask if you still have any confusions!
Hasta pronto. ^_^