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 Tuesday. The brokerage presently has a “hold” rating on the electronics maker’s stock. Roth Capital’s target price would indicate a potential upside of 2.21% from the stock’s previous close.
A number of other research firms have also recently issued reports on MXWL. Zacks Investment Research cut Maxwell Technologies from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Cowen and Company reiterated a “neutral” rating and issued a $6.00 price objective (down from $7.00) on shares of Maxwell Technologies in a report on Friday, April 14th. Canaccord Genuity reiterated a “hold” rating and issued a $7.00 price objective on shares of Maxwell Technologies in a report on Tuesday. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Maxwell Technologies in a report on Tuesday. Finally, ValuEngine upgraded Maxwell Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.33.
Shares of Maxwell Technologies (MXWL) opened at 5.87 on Tuesday. The company’s market capitalization is $188.99 million. Maxwell Technologies has a 12 month low of $4.39 and a 12 month high of $6.48. The company’s 50 day moving average price is $5.85 and its 200 day moving average price is $5.59.
Maxwell Technologies (NASDAQ:MXWL) last posted its quarterly earnings data on Monday, August 7th. The electronics maker reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.06. Maxwell Technologies had a negative return on equity of 31.66% and a negative net margin of 34.18%. The firm had revenue of $37.10 million during the quarter, compared to analysts’ expectations of $33.99 million. During the same period in the prior year, the business earned ($0.13) EPS. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Analysts expect that Maxwell Technologies will post ($0.64) EPS for the current fiscal year.
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In related news, Director Jorg Buchheim bought 60,000 shares of the stock in a transaction dated Wednesday, June 14th. The stock was bought at an average price of $5.78 per share, with a total value of $346,800.00. Following the purchase, the director now owns 75,653 shares in the company, valued at approximately $437,274.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.54% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Highbridge Capital Management LLC bought a new stake in Maxwell Technologies during the fourth quarter worth $204,000. Ironwood Investment Management LLC raised its stake in Maxwell Technologies by 4.7% in the first quarter. Ironwood Investment Management LLC now owns 47,778 shares of the electronics maker’s stock worth $278,000 after buying an additional 2,160 shares during the period. KBC Group NV raised its stake in Maxwell Technologies by 56.4% in the first quarter. KBC Group NV now owns 81,951 shares of the electronics maker’s stock worth $476,000 after buying an additional 29,541 shares during the period. State Street Corp raised its stake in Maxwell Technologies by 16.0% in the fourth quarter. State Street Corp now owns 422,491 shares of the electronics maker’s stock worth $2,164,000 after buying an additional 58,323 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in Maxwell Technologies during the fourth quarter worth $440,000. 46.30% of the stock is owned by institutional investors.
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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