Maxwell Technologies, Inc. (NASDAQ:MXWL) has been given a consensus rating of “Hold” by the seven brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $7.00.
Several analysts have issued reports on MXWL shares. Zacks Investment Research raised Maxwell Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Roth Capital set a $6.00 price target on Maxwell Technologies and gave the company a “hold” rating in a report on Monday, July 31st. Canaccord Genuity reissued a “hold” rating and set a $7.00 price target on shares of Maxwell Technologies in a report on Tuesday, August 8th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Maxwell Technologies in a report on Tuesday, August 8th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $7.00 price target on shares of Maxwell Technologies in a report on Thursday, August 10th.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in MXWL. Institute for Wealth Management LLC. bought a new position in shares of Maxwell Technologies in the second quarter worth about $102,000. SG Americas Securities LLC bought a new position in shares of Maxwell Technologies in the second quarter worth about $107,000. American International Group Inc. boosted its stake in shares of Maxwell Technologies by 7.1% in the first quarter. American International Group Inc. now owns 19,390 shares of the electronics maker’s stock worth $113,000 after acquiring an additional 1,277 shares during the period. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Maxwell Technologies by 33.4% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 20,950 shares of the electronics maker’s stock worth $125,000 after acquiring an additional 5,250 shares during the period. Finally, Alliancebernstein L.P. bought a new position in shares of Maxwell Technologies in the second quarter worth about $128,000. 45.90% of the stock is owned by hedge funds and other institutional investors.
Shares of Maxwell Technologies (NASDAQ:MXWL) traded down $0.15 on Thursday, hitting $4.53. The company had a trading volume of 130,227 shares, compared to its average volume of 175,937. Maxwell Technologies has a one year low of $4.40 and a one year high of $6.61.
Maxwell Technologies (NASDAQ:MXWL) last issued its quarterly earnings data on Monday, August 7th. The electronics maker reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.06. Maxwell Technologies had a negative return on equity of 30.83% and a negative net margin of 34.18%. The company had revenue of $37.10 million during the quarter, compared to analyst estimates of $33.99 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. Maxwell Technologies’s revenue was up 8.8% compared to the same quarter last year. analysts forecast that Maxwell Technologies will post -0.85 EPS for the current fiscal year.
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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