Several other research firms have also recently commented on MXWL. Zacks Investment Research raised shares of Maxwell Technologies from a hold rating to a buy rating and set a $6.00 target price on the stock in a research report on Tuesday, July 5th. Roth Capital set a $5.00 target price on shares of Maxwell Technologies and gave the stock a hold rating in a research report on Monday, September 19th.
Maxwell Technologies (NASDAQ:MXWL) opened at 5.16 on Friday. The company’s market cap is $164.30 million. The firm has a 50-day moving average price of $5.08 and a 200 day moving average price of $5.53. Maxwell Technologies has a 12 month low of $4.20 and a 12 month high of $8.04.
Maxwell Technologies (NASDAQ:MXWL) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.07. The company had revenue of $34.10 million for the quarter, compared to analyst estimates of $35.08 million. Maxwell Technologies had a negative net margin of 5.05% and a negative return on equity of 10.45%. Maxwell Technologies’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.11) EPS. On average, equities analysts expect that Maxwell Technologies will post ($0.56) earnings per share for the current year.
Several institutional investors have recently bought and sold shares of MXWL. Royce & Associates LP boosted its stake in Maxwell Technologies by 2.5% in the second quarter. Royce & Associates LP now owns 1,482,759 shares of the company’s stock worth $7,829,000 after buying an additional 36,068 shares during the period. Janney Montgomery Scott LLC boosted its stake in Maxwell Technologies by 107.5% in the second quarter. Janney Montgomery Scott LLC now owns 170,700 shares of the company’s stock worth $1,066,000 after buying an additional 88,450 shares during the period. Neuberger Berman Group LLC boosted its stake in Maxwell Technologies by 1.7% in the second quarter. Neuberger Berman Group LLC now owns 2,040,811 shares of the company’s stock worth $10,775,000 after buying an additional 33,989 shares during the period. Emerald Acquisition Ltd. bought a new stake in Maxwell Technologies during the second quarter worth approximately $410,000. Finally, California State Teachers Retirement System bought a new stake in Maxwell Technologies during the second quarter worth approximately $349,000. 54.56% of the stock is currently owned by hedge funds and other 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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