Maxwell Technologies, Inc. (NASDAQ:MXWL) has been given a $6.00 target price by stock analysts at Roth Capital in a research note issued on Wednesday. The firm presently has a “hold” rating on the electronics maker’s stock. Roth Capital’s price target would suggest a potential upside of 24.48% from the stock’s current price.

Several other equities research analysts have also issued reports on MXWL. Zacks Investment Research raised Maxwell Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Canaccord Genuity reaffirmed a “hold” rating and set a $7.00 target price on shares of Maxwell Technologies in a research report on Tuesday, August 8th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Maxwell Technologies in a research report on Tuesday, August 8th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $7.00 target price on shares of Maxwell Technologies in a research report on Thursday, August 10th. Finally, ValuEngine raised Maxwell Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $7.00.

Maxwell Technologies (NASDAQ:MXWL) traded down 3.423% during trading on Wednesday, hitting $4.655. 90,855 shares of the company’s stock traded hands. Maxwell Technologies has a 52-week low of $4.39 and a 52-week high of $6.61. The company’s 50 day moving average price is $5.16 and its 200 day moving average price is $5.64. The company’s market cap is $165.37 million.

Maxwell Technologies (NASDAQ:MXWL) last announced its earnings results on Monday, August 7th. The electronics maker reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.06. Maxwell Technologies had a negative return on equity of 30.83% and a negative net margin of 34.18%. The firm had revenue of $37.10 million during the quarter, compared to analyst estimates of $33.99 million. During the same period last year, the firm posted ($0.13) EPS. The business’s revenue was up 8.8% compared to the same quarter last year. Analysts expect that Maxwell Technologies will post ($0.61) earnings per share for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Royce & Associates LP increased its holdings in 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 acquiring an additional 104,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in 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 acquiring an additional 98,580 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Maxwell Technologies by 16.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 60,450 shares of the electronics maker’s stock worth $362,000 after acquiring an additional 8,500 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Maxwell Technologies in the 2nd quarter worth about $107,000. Finally, Rhumbline Advisers increased its holdings in Maxwell Technologies by 27.4% in the 2nd quarter. Rhumbline Advisers now owns 40,863 shares of the electronics maker’s stock worth $245,000 after acquiring an additional 8,781 shares during the last quarter. 45.90% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Maxwell Technologies (NASDAQ:MXWL)

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