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Northland Securities assumed coverage on shares of Maxwell Technologies (NASDAQ:MXWL) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $12.00 price target on the stock. Northland Securities’ target price would indicate a potential upside of 30.58% from the stock’s previous close.

Shares of Maxwell Technologies (NASDAQ:MXWL) traded up 3.81% on Tuesday, hitting $9.54. 348,378 shares of the company’s stock traded hands. Maxwell Technologies has a 52-week low of $6.75 and a 52-week high of $18.43. The stock’s 50-day moving average is $12.70 and its 200-day moving average is $13.33. The company has a market cap of $278.6 million and a P/E ratio of 114.88.

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 $-0.15 earnings per share for the current fiscal year.

In other Maxwell Technologies news, Director Mark Rossi bought 5,000 shares of the stock on the open market in a transaction dated Friday, August 8th. The stock was purchased at an average cost of $8.82 per share, for a total transaction of $44,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of other analysts have also recently weighed in on MXWL. Analysts at Zacks reiterated a “neutral” rating on shares of Maxwell Technologies in a research note on Monday, August 4th. 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $16.14.

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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