Maxwell Technologies Inc. (NASDAQ:MXWL)’s share price dropped 4.1% during trading on Wednesday . The company traded as low as $5.15 and last traded at $5.16, with a volume of 71,553 shares traded. The stock had previously closed at $5.38.

MXWL has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Maxwell Technologies from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research note on Tuesday, March 8th. Canaccord Genuity reiterated a “hold” rating on shares of Maxwell Technologies in a research report on Tuesday, April 12th. Finally, Roth Capital initiated coverage on shares of Maxwell Technologies in a research report on Monday, May 23rd. They set a “neutral” rating and a $6.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $6.13.

The stock’s market cap is $164.26 million. The stock’s 50-day moving average price is $5.34 and its 200-day moving average price is $6.00.

Maxwell Technologies (NASDAQ:MXWL) last released its earnings results on Tuesday, May 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.02. The firm had revenue of $35.20 million for the quarter, compared to analyst estimates of $34.60 million. During the same period in the previous year, the firm earned ($0.32) earnings per share. Maxwell Technologies’s revenue was up 1.4% on a year-over-year basis. Equities research analysts predict that Maxwell Technologies Inc. will post ($0.40) earnings per share for the current year.

In related news, CFO David Lyle sold 5,693 shares of Maxwell Technologies stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $5.77, for a total transaction of $32,848.61. Following the transaction, the chief financial officer now directly owns 13,003 shares of the company’s stock, valued at $75,027.31. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

A number of institutional investors recently modified their holdings of MXWL. EAM Investors LLC bought a new position in shares of Maxwell Technologies during the fourth quarter worth $1,557,000. Royce & Associates LLC boosted its position in shares of Maxwell Technologies by 5.7% in the fourth quarter. Royce & Associates LLC now owns 1,416,777 shares of the company’s stock worth $10,116,000 after buying an additional 76,808 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of Maxwell Technologies by 0.9% in the fourth quarter. Neuberger Berman Group LLC now owns 1,852,179 shares of the company’s stock worth $13,225,000 after buying an additional 16,062 shares in the last quarter.

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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