Shares of Maxwell Technologies Inc. (NASDAQ:MXWL) have received a consensus recommendation of “Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $5.33.
MXWL has been the subject of a number of recent analyst reports. Cowen reaffirmed a “buy” rating and set a $5.00 target price on shares of Maxwell Technologies in a report on Friday, November 9th. Canaccord Genuity initiated coverage on Maxwell Technologies in a report on Friday, August 3rd. They set a “hold” rating and a $5.00 target price for the company. ValuEngine lowered Maxwell Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Zacks Investment Research raised Maxwell Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, Oppenheimer reduced their target price on Maxwell Technologies from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, August 7th.
Hedge funds and other institutional investors have recently modified their holdings of the company. Selz Capital LLC purchased a new position in shares of Maxwell Technologies during the third quarter worth about $104,000. CAPROCK Group Inc. purchased a new position in shares of Maxwell Technologies during the second quarter worth about $125,000. B. Riley Financial Inc. purchased a new position in shares of Maxwell Technologies during the second quarter worth about $130,000. Janney Montgomery Scott LLC grew its holdings in shares of Maxwell Technologies by 83.6% during the third quarter. Janney Montgomery Scott LLC now owns 58,200 shares of the electronics maker’s stock worth $203,000 after purchasing an additional 26,500 shares in the last quarter. Finally, PEAK6 Investments L.P. grew its holdings in shares of Maxwell Technologies by 273.0% during the second quarter. PEAK6 Investments L.P. now owns 43,123 shares of the electronics maker’s stock worth $224,000 after purchasing an additional 31,561 shares in the last quarter. 63.60% of the stock is owned by institutional investors.
MXWL stock traded down $0.01 during mid-day trading on Monday, reaching $2.39. 13,942 shares of the company traded hands, compared to its average volume of 243,974. The company has a quick ratio of 1.91, a current ratio of 3.22 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $119.72 million, a PE ratio of -2.57 and a beta of 0.44. Maxwell Technologies has a 52-week low of $2.38 and a 52-week high of $6.27.
Maxwell Technologies (NASDAQ:MXWL) last posted its earnings results on Tuesday, November 6th. The electronics maker reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.02. The business had revenue of $33.70 million during the quarter, compared to analyst estimates of $34.04 million. Maxwell Technologies had a negative return on equity of 35.32% and a negative net margin of 31.86%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) EPS. On average, equities research analysts anticipate that Maxwell Technologies will post -0.96 EPS for the current fiscal year.
About Maxwell Technologies
Maxwell Technologies, Inc develops, manufactures, and markets energy storage and power delivery products worldwide. The company provides ultracapacitor cells, multi-cell packs, modules, and subsystems that provide energy storage and power delivery solutions for applications in automotive, grid energy storage, wind, bus, industrial, and truck industries; and lithium-ion capacitors, which are energy storage devices designed to address various applications in the rail, grid, and industrial markets.
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