Maxwell Technologies Inc. (NASDAQ:MXWL) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $3.06 and last traded at $3.14, with a volume of 20732 shares trading hands. The stock had previously closed at $3.29.

A number of equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Maxwell Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 11th. Canaccord Genuity assumed coverage on shares of Maxwell Technologies in a report on Friday, August 3rd. They set a “hold” rating and a $5.00 price target on the stock. Zacks Investment Research upgraded shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a report on Tuesday. Oppenheimer cut their price target on shares of Maxwell Technologies from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, August 7th. Finally, Cowen restated a “buy” rating and set a $7.00 price target on shares of Maxwell Technologies in a report on Tuesday, August 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $6.10.

The company has a current ratio of 2.21, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The firm has a market cap of $133.16 million, a PE ratio of -3.27 and a beta of 0.10.

Maxwell Technologies (NASDAQ:MXWL) last released its quarterly earnings data on Monday, August 6th. The electronics maker reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.04). The company had revenue of $29.46 million during the quarter, compared to analyst estimates of $30.90 million. Maxwell Technologies had a negative net margin of 34.65% and a negative return on equity of 33.83%. The firm’s quarterly revenue was down 20.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.15) EPS. Equities research analysts forecast that Maxwell Technologies Inc. will post -0.95 earnings per share for the current fiscal year.

In related news, Director Ilya Golubovich acquired 61,500 shares of the company’s stock in a transaction on Friday, August 10th. The shares were purchased at an average price of $3.25 per share, for a total transaction of $199,875.00. Following the purchase, the director now owns 79,226 shares in the company, valued at $257,484.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Franz Fink acquired 400,000 shares of the company’s stock in a transaction on Friday, August 10th. The stock was bought at an average price of $3.25 per share, for a total transaction of $1,300,000.00. Following the purchase, the chief executive officer now owns 1,047,713 shares in the company, valued at approximately $3,405,067.25. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 492,200 shares of company stock worth $1,599,650. Company insiders own 7.72% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. CAPROCK Group Inc. acquired a new position in Maxwell Technologies in the 2nd quarter valued at approximately $125,000. B. Riley Financial Inc. bought a new stake in Maxwell Technologies in the second quarter worth approximately $130,000. PEAK6 Investments L.P. grew its position in Maxwell Technologies by 273.0% in the second quarter. PEAK6 Investments L.P. now owns 43,123 shares of the electronics maker’s stock worth $224,000 after acquiring an additional 31,561 shares in the last quarter. Millennium Management LLC grew its position in Maxwell Technologies by 25.6% in 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 in the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in Maxwell Technologies in the second quarter worth approximately $406,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Maxwell Technologies Company Profile (NASDAQ:MXWL)

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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