Insider Selling: John Warwick Unloads 2,923 Shares of Maxwell Technologies Stock (MXWL)
Maxwell Technologies (NASDAQ:MXWL) COO John Warwick sold 2,923 shares of Maxwell Technologies stock on the open market in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $8.55, for a total value of $24,991.65. Following the sale, the chief operating officer now directly owns 90,827 shares in the company, valued at approximately $776,571. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Maxwell Technologies (NASDAQ:MXWL) traded up 0.18% on Friday, hitting $8.585. The stock had a trading volume of 82,422 shares. Maxwell Technologies has a 52-week low of $6.75 and a 52-week high of $18.43. The stock has a 50-day moving average of $13.25 and a 200-day moving average of $13.33. The company has a market cap of $250.7 million and a price-to-earnings ratio of 107.12.
Maxwell Technologies (NASDAQ:MXWL) last posted its quarterly earnings results 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. Analysts expect that Maxwell Technologies will post $-0.15 EPS for the current fiscal year.
A number of analysts have recently weighed in on MXWL shares. Analysts at Zacks reiterated a “neutral” rating on shares of Maxwell Technologies in a research note on Monday. They now have a $10.00 price target on the stock. Separately, analysts at Roth Capital cut their price target on shares of Maxwell Technologies to $15.00 in a research note on Friday, August 1st. Finally, 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, August 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $16.83.
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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