Maxwell Technologies Inc. (MXWL) Trading 1% Higher
Maxwell Technologies Inc. (NASDAQ:MXWL) traded up 1% during trading on Tuesday . The company traded as high as $5.34 and last traded at $5.30, with a volume of 80,473 shares changing hands. The stock had previously closed at $5.25.
A number of equities research analysts recently commented on the company. Canaccord Genuity reiterated a “hold” rating on shares of Maxwell Technologies in a report on Tuesday, April 12th. Zacks Investment Research downgraded Maxwell Technologies from a “buy” rating to a “hold” rating in a report on Thursday, March 10th. Finally, Roth Capital assumed coverage on Maxwell Technologies in a report on Monday, May 23rd. They issued a “neutral” rating and a $6.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $6.13.
The firm’s market capitalization 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 quarterly earnings data on Tuesday, May 3rd. The company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. During the same period last year, the business earned ($0.32) EPS. The firm had revenue of $35.20 million for the quarter, compared to analyst estimates of $34.60 million. The company’s revenue was up 1.4% compared to the same quarter last year. Equities analysts predict that Maxwell Technologies Inc. will post ($0.40) EPS for the current year.
In related news, CFO David Lyle sold 5,693 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $5.77, for a total transaction of $32,848.61. Following the sale, the chief financial officer now owns 13,003 shares of the company’s stock, valued at approximately $75,027.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Other large investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC increased its stake in Maxwell Technologies by 0.9% in the fourth quarter. Neuberger Berman Group LLC now owns 1,852,179 shares of the company’s stock valued at $13,225,000 after buying an additional 16,062 shares during the period. Royce & Associates LLC increased its stake in Maxwell Technologies by 5.7% in the fourth quarter. Royce & Associates LLC now owns 1,416,777 shares of the company’s stock valued at $10,116,000 after buying an additional 76,808 shares during the period. Finally, EAM Investors LLC purchased a new stake in Maxwell Technologies during the fourth quarter valued at $1,557,000.
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.