Maxwell Technologies Inc. (NASDAQ:MXWL) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 2,232 call options on the stock. This is an increase of 3,231% compared to the typical daily volume of 67 call options.
Shares of Maxwell Technologies (NASDAQ:MXWL) opened at $5.99 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.41 and a quick ratio of 1.75. Maxwell Technologies has a 12 month low of $4.29 and a 12 month high of $6.61.
Maxwell Technologies (NASDAQ:MXWL) last released its earnings results on Thursday, February 15th. The electronics maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). Maxwell Technologies had a negative net margin of 33.08% and a negative return on equity of 30.48%. The business had revenue of $30.80 million for the quarter, compared to the consensus estimate of $31.52 million. During the same quarter in the previous year, the firm earned ($0.32) EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. analysts forecast that Maxwell Technologies will post -0.64 earnings per share for the current fiscal year.
MXWL has been the topic of several recent analyst reports. UBS Group raised shares of Maxwell Technologies from a “market perform” rating to an “outperform” rating in a report on Friday, February 16th. Zacks Investment Research cut shares of Maxwell Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Roth Capital raised shares of Maxwell Technologies from a “neutral” rating to a “buy” rating in a report on Monday, November 20th. ValuEngine upgraded shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Monday, November 20th. Finally, Oppenheimer upgraded shares of Maxwell Technologies from a “market perform” rating to an “outperform” rating and set a $7.00 target price for the company in a research note on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $6.92.
In related news, CEO Franz Fink sold 4,502 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $5.95, for a total value of $26,786.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.54% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in MXWL. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Maxwell Technologies during the third quarter valued at $100,000. Trexquant Investment LP bought a new stake in Maxwell Technologies during the third quarter valued at $107,000. Alliancebernstein L.P. bought a new stake in Maxwell Technologies during the second quarter valued at $128,000. Levin Capital Strategies L.P. bought a new stake in Maxwell Technologies during the fourth quarter valued at $161,000. Finally, Tower Research Capital LLC TRC increased its stake in Maxwell Technologies by 511.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 32,045 shares of the electronics maker’s stock valued at $184,000 after purchasing an additional 26,803 shares during the last quarter. Hedge funds and other institutional investors own 55.29% of the company’s stock.
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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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