Maxwell Technologies Shares Up 6.9% on Insider Buying Activity (MXWL)
Maxwell Technologies (NASDAQ:MXWL)’s share price shot up 6.9% on Tuesday after an insider bought additional shares in the company, Analyst Ratings.Net reports. The stock traded as high as $9.97 and last traded at $9.82, with a volume of 730,857 shares traded. The stock had previously closed at $9.19.
Specifically, Director Mark Rossi acquired 5,000 shares of Maxwell Technologies stock on the open market in a transaction dated Friday, August 8th. The shares were purchased at an average cost of $8.82 per share, for a total transaction of $44,100.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
MXWL has been the subject of a number of recent research reports. Analysts at Northland Securities initiated coverage on shares of Maxwell Technologies in a research note on Tuesday. They set an “outperform” rating and a $12.00 price target on the stock. Separately, 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. Finally, analysts at Roth Capital cut their price target on shares of Maxwell Technologies to $15.00 in a research note on Friday, August 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $16.14.
The stock has a 50-day moving average of $12.70 and a 200-day moving average of $13.33. The company has a market cap of $285.3 million and a price-to-earnings ratio of 114.88.
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.
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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