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Maxwell Technologies (NASDAQ:MXWL)’s share price dropped 3.1% on Monday after Roth Capital lowered their price target on the stock to $15.00, ARN reports. The stock traded as low as $9.26 and last traded at $9.44, with a volume of 382,489 shares changing hands. The stock had previously closed at $9.74.

Other equities research analysts have also recently issued reports about the stock. 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $16.83.

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 $276.6 million and a price-to-earnings ratio of 121.75.

Maxwell Technologies (NASDAQ:MXWL) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.15 earnings per share. Maxwell Technologies’s revenue was down 17.1% compared to the same quarter last year. On average, analysts predict that Maxwell Technologies will post $0.14 earnings per share for the current fiscal year.

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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