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Research analysts at Roth Capital cut their price target on shares of Maxwell Technologies (NASDAQ:MXWL) to $15.00 in a report released on Friday. Roth Capital’s target price indicates a potential upside of 53.85% from the company’s current price.

Maxwell Technologies (NASDAQ:MXWL) traded down 10.48% during mid-day trading on Friday, hitting $9.74. The stock had a trading volume of 2,158,763 shares. Maxwell Technologies has a one year low of $6.75 and a one year high of $18.43. The stock has a 50-day moving average of $14.09 and a 200-day moving average of $13.31. The company has a market cap of $282.9 million and a price-to-earnings ratio of 45.52.

Maxwell Technologies (NASDAQ:MXWL) last announced its earnings results on Thursday, July 31st. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.05. The company had revenue of $46.10 million for the quarter, compared to the consensus estimate of $45.86 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 17.1% on a year-over-year basis. On average, analysts predict that Maxwell Technologies will post $0.25 earnings per share for the current fiscal year.

MXWL has been the subject of a number of other recent research reports. Analysts at Piper Jaffray cut their price target on shares of Maxwell Technologies from $22.00 to $18.00 in a research note on Friday. Finally, analysts at TheStreet upgraded shares of Maxwell Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $17.83.

Maxwell Technologies, Inc (NASDAQ:MXWL) 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.

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