Maxwell Technologies, Inc. (NASDAQ:MXWL) has been given a $6.00 price objective by Roth Capital in a research report issued to clients and investors on Monday, July 31st. The brokerage currently has a “hold” rating on the electronics maker’s stock. Roth Capital’s price objective would indicate a potential upside of 7.53% from the stock’s current price.
MXWL has been the subject of a number of other research reports. Zacks Investment Research upgraded Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. ValuEngine upgraded Maxwell Technologies from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Cowen and Company restated a “neutral” rating and set a $6.00 price objective (down previously from $7.00) on shares of Maxwell Technologies in a research note on Friday, April 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $6.50.
Maxwell Technologies (NASDAQ MXWL) traded up 0.90% during trading on Monday, reaching $5.58. The company’s stock had a trading volume of 98,844 shares. The company’s 50-day moving average is $5.82 and its 200-day moving average is $5.65. The company’s market capitalization is $198.24 million. Maxwell Technologies has a 1-year low of $4.39 and a 1-year high of $6.48.
Maxwell Technologies (NASDAQ:MXWL) last posted its earnings results on Monday, August 7th. The electronics maker reported ($0.15) earnings per share (EPS) for the quarter, beating 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 business had revenue of $37.10 million during the quarter, compared to analyst estimates of $33.99 million. During the same quarter last year, the firm earned ($0.13) earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts anticipate that Maxwell Technologies will post ($0.61) EPS for the current year.
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In other Maxwell Technologies news, Director Jorg Buchheim purchased 60,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were acquired at an average price of $5.78 per share, for a total transaction of $346,800.00. Following the completion of the acquisition, the director now owns 75,653 shares of the company’s stock, valued at approximately $437,274.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.54% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of MXWL. Institute for Wealth Management LLC. acquired a new stake in Maxwell Technologies during the second quarter worth approximately $102,000. SG Americas Securities LLC purchased a new position in Maxwell Technologies during the second quarter valued at about $107,000. American International Group Inc. increased its position in Maxwell Technologies by 7.1% in the first quarter. American International Group Inc. now owns 19,390 shares of the electronics maker’s stock valued at $113,000 after buying an additional 1,277 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its position in Maxwell Technologies by 33.4% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 20,950 shares of the electronics maker’s stock valued at $125,000 after buying an additional 5,250 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new position in Maxwell Technologies during the second quarter valued at about $128,000. 46.07% of the stock is owned by institutional investors and hedge funds.
About Maxwell Technologies
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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