Shares of Maxwell Technologies Inc. (NASDAQ:MXWL) have received an average recommendation of “Buy” from the eight research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $7.25.
Several analysts recently weighed in on MXWL shares. UBS raised shares of Maxwell Technologies from a “market perform” rating to an “outperform” rating in a report on Friday, February 16th. Oppenheimer raised shares of Maxwell Technologies from a “market perform” rating to an “outperform” rating and set a $7.00 target price on the stock in a report on Friday, February 16th. Zacks Investment Research cut shares of Maxwell Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, April 24th. Finally, ValuEngine raised shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a report on Monday, April 2nd.
NASDAQ:MXWL traded down $0.01 during mid-day trading on Monday, hitting $5.29. The stock had a trading volume of 2,283 shares, compared to its average volume of 158,192. The stock has a market cap of $204.06 million, a price-to-earnings ratio of -5.81 and a beta of 0.31. Maxwell Technologies has a twelve month low of $4.29 and a twelve month high of $6.61. The company has a quick ratio of 1.49, a current ratio of 2.23 and a debt-to-equity ratio of 0.34.
Maxwell Technologies (NASDAQ:MXWL) last issued its earnings results on Tuesday, May 8th. The electronics maker reported ($0.16) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.16). The firm had revenue of $28.40 million for the quarter, compared to analysts’ expectations of $28.10 million. Maxwell Technologies had a negative net margin of 31.75% and a negative return on equity of 29.38%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.23) earnings per share. equities analysts anticipate that Maxwell Technologies will post -0.81 EPS for the current year.
In other Maxwell Technologies news, CEO Franz Fink sold 4,502 shares of the firm’s stock in a transaction that occurred on 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 available at this hyperlink. 7.72% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in MXWL. Levin Capital Strategies L.P. purchased a new position in shares of Maxwell Technologies during the fourth quarter worth approximately $161,000. Tower Research Capital LLC TRC grew its position in shares of 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 worth $184,000 after acquiring an additional 26,803 shares during the last quarter. Princeton Capital Management LLC purchased a new position in shares of Maxwell Technologies during the fourth quarter worth approximately $216,000. Millennium Management LLC grew its position in shares of Maxwell Technologies by 25.6% during the first quarter. Millennium Management LLC now owns 51,937 shares of the electronics maker’s stock worth $308,000 after acquiring an additional 10,582 shares during the last quarter. Finally, Quinn Opportunity Partners LLC grew its position in shares of Maxwell Technologies by 242.6% during the fourth quarter. Quinn Opportunity Partners LLC now owns 92,850 shares of the electronics maker’s stock worth $535,000 after acquiring an additional 65,750 shares during the last quarter. Institutional investors and hedge funds own 56.02% of the company’s stock.
About Maxwell Technologies
Maxwell Technologies, Inc develops, manufactures, and markets energy storage and power delivery products worldwide. The company provides ultracapacitor cells, multi-cell packs, modules, and subsystems that provide energy storage and power delivery solutions for applications in automotive, grid energy storage, wind, bus, industrial, and truck industries; and lithium-ion capacitors, which are energy storage devices designed to address various applications in the rail, grid, and industrial markets.
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