Maxwell Technologies Inc. (MXWL) Cut to “Sell” at ValuEngine
Maxwell Technologies Inc. (NASDAQ:MXWL) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday.
MXWL has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Maxwell Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Cowen and Company reiterated a “buy” rating and issued a $8.00 price target on shares of Maxwell Technologies in a report on Sunday, September 10th. Roth Capital set a $6.00 price target on shares of Maxwell Technologies and gave the company a “hold” rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Maxwell Technologies in a report on Tuesday, August 8th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $7.00 price target on shares of Maxwell Technologies in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Maxwell Technologies currently has an average rating of “Hold” and an average target price of $7.00.
Shares of Maxwell Technologies (NASDAQ MXWL) traded up 3.93% on Thursday, reaching $5.16. 549,518 shares of the company traded hands. The stock has a 50-day moving average price of $5.76 and a 200 day moving average price of $5.77. The firm’s market capitalization is $183.31 million. Maxwell Technologies has a 1-year low of $4.39 and a 1-year high of $6.61.
Maxwell Technologies (NASDAQ:MXWL) last announced its quarterly earnings data on Monday, August 7th. The electronics maker reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.06. The firm had revenue of $37.10 million for the quarter, compared to the consensus estimate of $33.99 million. Maxwell Technologies had a negative net margin of 27.27% and a negative return on equity of 39.07%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned ($0.13) EPS. Analysts anticipate that Maxwell Technologies will post ($0.61) EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the business. Ironwood Investment Management LLC increased its holdings in Maxwell Technologies by 4.7% in the 1st quarter. Ironwood Investment Management LLC now owns 47,778 shares of the electronics maker’s stock valued at $278,000 after acquiring an additional 2,160 shares during the last quarter. Royce & Associates LP grew its stake in shares of Maxwell Technologies by 11.1% in the 2nd quarter. Royce & Associates LP now owns 1,041,242 shares of the electronics maker’s stock worth $6,237,000 after buying an additional 104,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Maxwell Technologies by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 1,284,150 shares of the electronics maker’s stock worth $7,461,000 after buying an additional 98,580 shares in the last quarter. KBC Group NV grew its stake in shares of Maxwell Technologies by 56.4% in the 1st quarter. KBC Group NV now owns 81,951 shares of the electronics maker’s stock worth $476,000 after buying an additional 29,541 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in shares of Maxwell Technologies by 4.1% in the 1st quarter. Neuberger Berman Group LLC now owns 2,035,067 shares of the electronics maker’s stock worth $11,824,000 after buying an additional 80,828 shares in the last quarter. Institutional investors own 45.75% of the company’s stock.
About Maxwell Technologies
Maxwell Technologies, Inc 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. The Company offers three product lines: Ultracapacitors, High-Voltage Capacitors and Radiation-Hardened Microelectronic Products.
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