Investors Buy High Volume of Maxwell Technologies Put Options (NASDAQ:MXWL)

Maxwell Technologies, Inc. (NASDAQ:MXWL) was the target of some unusual options trading activity on Friday. Stock investors bought 745 put options on the company. This represents an increase of 571% compared to the average volume of 111 put options.

Shares of Maxwell Technologies (NASDAQ:MXWL) opened at $6.05 on Tuesday. The firm has a market cap of $224.31, a price-to-earnings ratio of -4.45 and a beta of 0.25. Maxwell Technologies has a fifty-two week low of $4.29 and a fifty-two week high of $6.61. The company has a quick ratio of 1.86, a current ratio of 2.57 and a debt-to-equity ratio of 0.28.

Maxwell Technologies (NASDAQ:MXWL) last released its quarterly earnings results on Wednesday, November 8th. The electronics maker reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.02. The business had revenue of $35.80 million for the quarter, compared to analysts’ expectations of $36.39 million. Maxwell Technologies had a negative net margin of 36.94% and a negative return on equity of 32.06%. The firm’s revenue for the quarter was up 40.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) earnings per share. equities analysts expect that Maxwell Technologies will post -0.84 EPS for the current year.

In other news, CEO Franz Fink bought 230,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average price of $4.98 per share, for a total transaction of $1,145,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jorg Buchheim bought 250,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average price of $5.18 per share, for a total transaction of $1,295,000.00. Following the acquisition, the director now directly owns 328,180 shares of the company’s stock, valued at approximately $1,699,972.40. The disclosure for this purchase can be found here. 3.54% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in MXWL. Vanguard Group Inc. lifted its position in Maxwell Technologies by 8.3% during the first quarter. Vanguard Group Inc. now owns 1,284,150 shares of the electronics maker’s stock valued at $7,461,000 after buying an additional 98,580 shares during the period. Geode Capital Management LLC lifted its position in Maxwell Technologies by 7.4% during the first quarter. Geode Capital Management LLC now owns 239,419 shares of the electronics maker’s stock valued at $1,391,000 after buying an additional 16,469 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Maxwell Technologies by 5.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 123,038 shares of the electronics maker’s stock valued at $715,000 after buying an additional 6,669 shares during the period. First Trust Advisors LP lifted its position in Maxwell Technologies by 33.3% during the second quarter. First Trust Advisors LP now owns 38,117 shares of the electronics maker’s stock valued at $228,000 after buying an additional 9,517 shares during the period. Finally, Rhumbline Advisers lifted its position in Maxwell Technologies by 27.4% during the second quarter. Rhumbline Advisers now owns 40,863 shares of the electronics maker’s stock valued at $245,000 after buying an additional 8,781 shares during the period. 52.27% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Maxwell Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine upgraded shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Roth Capital upgraded shares of Maxwell Technologies from a “neutral” rating to a “buy” rating in a report on Monday, November 20th. Finally, Cowen restated a “buy” rating and issued a $8.00 target price on shares of Maxwell Technologies in a report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.90.

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Maxwell Technologies Company Profile

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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