Oppenheimer upgraded shares of Maxwell Technologies (NASDAQ:MXWL) from a market perform rating to an outperform rating in a research report released on Friday, February 16th. Oppenheimer currently has $7.00 price objective on the electronics maker’s stock.
A number of other analysts have also recently weighed in on the stock. Roth Capital raised shares of Maxwell Technologies from a neutral rating to a buy rating in a report on Monday, November 20th. Zacks Investment Research raised shares of Maxwell Technologies from a hold rating to a buy rating and set a $6.50 price objective on the stock in a report on Wednesday, January 3rd. UBS Group raised shares of Maxwell Technologies from a market perform rating to an outperform rating in a report on Friday, February 16th. Finally, ValuEngine raised shares of Maxwell Technologies from a sell rating to a hold rating in a research note on Sunday, December 31st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $6.92.
Maxwell Technologies (NASDAQ:MXWL) traded up $0.02 during mid-day trading on Friday, hitting $5.99. 76,438 shares of the company were exchanged, compared to its average volume of 153,877. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.75 and a current ratio of 2.41. Maxwell Technologies has a 1-year low of $4.29 and a 1-year high of $6.61. The firm has a market cap of $221.45, a PE ratio of -4.95 and a beta of 0.13.
Maxwell Technologies (NASDAQ:MXWL) last released its quarterly earnings data on Thursday, February 15th. The electronics maker reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.01). Maxwell Technologies had a negative return on equity of 30.48% and a negative net margin of 33.08%. The firm had revenue of $30.80 million during the quarter, compared to analyst estimates of $31.52 million. During the same period last year, the business earned ($0.32) EPS. The firm’s revenue was up 16.7% on a year-over-year basis. analysts expect that Maxwell Technologies will post -0.64 earnings per share for the current fiscal year.
In other Maxwell Technologies news, CEO Franz Fink sold 4,502 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $5.95, for a total transaction of $26,786.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.54% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Maxwell Technologies in the 3rd quarter worth approximately $100,000. Trexquant Investment LP acquired a new position in shares of Maxwell Technologies in the 3rd quarter worth approximately $107,000. Alliancebernstein L.P. acquired a new position in shares of Maxwell Technologies in the 2nd quarter worth approximately $128,000. Levin Capital Strategies L.P. acquired a new position in shares of Maxwell Technologies in the 4th quarter worth approximately $161,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Maxwell Technologies by 511.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 32,045 shares of the electronics maker’s stock worth $184,000 after purchasing an additional 26,803 shares during the last quarter. 55.29% of the stock is currently owned by institutional investors.
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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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