Shares of Maxwell Technologies, Inc. (NASDAQ:MXWL) traded down 18.6% during trading on Wednesday . The stock traded as low as $5.09 and last traded at $5.12. 2,586,717 shares were traded during trading, an increase of 1,439% from the average session volume of 168,069 shares. The stock had previously closed at $6.29.
Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Maxwell Technologies from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a report on Monday. Roth Capital set a $6.00 price target on shares of Maxwell Technologies and gave the stock a “hold” rating in a report on Monday, July 31st. Piper Jaffray Companies restated a “buy” rating and set a $7.00 price target on shares of Maxwell Technologies in a report on Thursday, August 10th. ValuEngine upgraded shares of Maxwell Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Cowen and Company restated a “buy” rating and set a $8.00 price target on shares of Maxwell Technologies in a report on Sunday, September 10th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $7.00.
The stock’s 50 day moving average price is $5.76 and its 200-day moving average price is $5.77. The firm’s market capitalization is $181.89 million.
Maxwell Technologies (NASDAQ:MXWL) last released its quarterly earnings results on Monday, August 7th. The electronics maker reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.06. Maxwell Technologies had a negative return on equity of 30.83% and a negative net margin of 34.18%. The firm had revenue of $37.10 million during the quarter, compared to the consensus estimate of $33.99 million. During the same quarter in the prior year, the firm posted ($0.13) EPS. The business’s revenue was up 8.8% on a year-over-year basis. On average, equities analysts predict that Maxwell Technologies, Inc. will post ($0.61) EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Institute for Wealth Management LLC. acquired a new position in Maxwell Technologies during the 2nd quarter worth approximately $102,000. SG Americas Securities LLC acquired a new position in Maxwell Technologies during the 2nd quarter worth approximately $107,000. American International Group Inc. boosted its position in Maxwell Technologies by 7.1% during the 1st quarter. American International Group Inc. now owns 19,390 shares of the electronics maker’s stock worth $113,000 after acquiring an additional 1,277 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in Maxwell Technologies by 33.4% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 20,950 shares of the electronics maker’s stock worth $125,000 after acquiring an additional 5,250 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new position in Maxwell Technologies during the 2nd quarter worth approximately $128,000. 45.75% of the stock is owned by hedge funds and other institutional investors.
Maxwell Technologies Company Profile
Maxwell Technologies, Inc develops, manufactures and markets energy storage and power delivery products for transportation, industrial, information technology and other applications and microelectronic products for space and satellite applications. The Company offers three product lines: Ultracapacitors, High-Voltage Capacitors and Radiation-Hardened Microelectronic Products.
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