Roth Capital upgraded shares of Maxwell Technologies (NASDAQ:MXWL) from a neutral rating to a buy rating in a report issued on Monday, November 20th, Marketbeat.com reports.
MXWL has been the subject of a number of other reports. Cowen reaffirmed a buy rating and set a $8.00 price target on shares of Maxwell Technologies in a research note on Sunday, September 10th. Piper Jaffray Companies reissued a buy rating and set a $7.00 price objective on shares of Maxwell Technologies in a research note on Thursday, August 10th. Zacks Investment Research raised Maxwell Technologies from a hold rating to a buy rating and set a $6.25 price objective for the company in a research note on Wednesday, August 23rd. ValuEngine raised Maxwell Technologies from a sell rating to a hold rating in a research note on Wednesday, September 6th. Finally, Oppenheimer reaffirmed a hold rating on shares of Maxwell Technologies in a research report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $6.70.
Maxwell Technologies (MXWL) traded up $0.03 on Monday, reaching $5.35. The company had a trading volume of 162,339 shares, compared to its average volume of 228,375. Maxwell Technologies has a 12-month low of $4.29 and a 12-month high of $6.61. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.86 and a current ratio of 2.57.
Maxwell Technologies (NASDAQ:MXWL) last issued its quarterly earnings results on Wednesday, November 8th. The electronics maker reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. The firm had revenue of $35.80 million during the quarter, compared to analyst estimates of $36.39 million. Maxwell Technologies had a negative return on equity of 32.06% and a negative net margin of 36.94%. The firm’s quarterly revenue was up 40.4% on a year-over-year basis. During the same period last year, the company posted ($0.21) EPS. research analysts expect that Maxwell Technologies will post -0.84 earnings per share for the current fiscal year.
In related news, CEO Franz Fink bought 230,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of $4.98 per share, for a total transaction of $1,145,400.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jorg Buchheim bought 250,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average price of $5.18 per share, for a total transaction of $1,295,000.00. Following the completion of the acquisition, the director now owns 328,180 shares of the company’s stock, valued at $1,699,972.40. The disclosure for this purchase can be found here. 3.54% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of MXWL. Bradley Foster & Sargent Inc. CT acquired a new stake in shares of Maxwell Technologies in the third quarter valued at about $1,580,000. Neuberger Berman Group LLC grew its position in Maxwell Technologies by 9.0% during the third quarter. Neuberger Berman Group LLC now owns 2,126,701 shares of the electronics maker’s stock worth $10,910,000 after buying an additional 175,641 shares in the last quarter. Van Den Berg Management I Inc. grew its position in Maxwell Technologies by 6.7% during the third quarter. Van Den Berg Management I Inc. now owns 2,034,668 shares of the electronics maker’s stock worth $10,438,000 after buying an additional 127,680 shares in the last quarter. Royce & Associates LP grew its position in Maxwell Technologies by 11.1% during the second quarter. Royce & Associates LP now owns 1,041,242 shares of the electronics maker’s stock worth $6,237,000 after buying an additional 104,000 shares in the last quarter. Finally, Vanguard Group Inc. grew 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 worth $7,461,000 after buying an additional 98,580 shares in the last quarter. 52.27% of the stock is currently owned by institutional investors.
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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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