SolarMax Technology, Inc. (NASDAQ:SMXT – Get Free Report)’s share price dropped 5.4% on Wednesday . The company traded as low as $12.02 and last traded at $12.37. Approximately 37,046 shares changed hands during trading, a decline of 81% from the average daily volume of 191,109 shares. The stock had previously closed at $13.07.
SolarMax Technology Trading Down 9.9 %
The stock has a 50 day moving average of $10.28.
Hedge Funds Weigh In On SolarMax Technology
An institutional investor recently bought a new position in SolarMax Technology stock. Concurrent Investment Advisors LLC acquired a new position in shares of SolarMax Technology, Inc. (NASDAQ:SMXT – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,000 shares of the company’s stock, valued at approximately $128,000.
About SolarMax Technology
SolarMax Technology, Inc, through its subsidiaries, operates as an integrated solar energy company in the United States and China. The company engages in the sale and installation of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction services for solar farm projects.
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