Shares of Maxwell Technologies, Inc. (NASDAQ:MXWL) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $6.88.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Maxwell Technologies from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Monday, September 18th. ValuEngine upgraded shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Monday, November 20th. Cowen reiterated a “buy” rating and set a $8.00 price target on shares of Maxwell Technologies in a research note on Sunday, September 10th. Finally, Roth Capital upgraded shares of Maxwell Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, November 20th.

Shares of Maxwell Technologies (NASDAQ:MXWL) opened at $5.71 on Friday. Maxwell Technologies has a fifty-two week low of $4.29 and a fifty-two week high of $6.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.57 and a quick ratio of 1.86.

Maxwell Technologies (NASDAQ:MXWL) last issued its quarterly earnings results on Wednesday, November 8th. The electronics maker reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.02. The business had revenue of $35.80 million for the quarter, compared to analysts’ expectations of $36.39 million. Maxwell Technologies had a negative net margin of 36.94% and a negative return on equity of 32.06%. The company’s revenue was up 40.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.21) EPS. sell-side analysts forecast that Maxwell Technologies will post -0.84 EPS for the current year.

In other Maxwell Technologies news, CEO Franz Fink bought 230,000 shares of Maxwell Technologies stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average cost of $4.98 per share, for a total transaction of $1,145,400.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jorg Buchheim bought 250,000 shares of Maxwell Technologies stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average price of $5.18 per share, for a total transaction of $1,295,000.00. Following the completion of the acquisition, the director now owns 328,180 shares in the company, valued at $1,699,972.40. The disclosure for this purchase can be found here. 3.54% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Maxwell Technologies during the 3rd quarter worth about $100,000. Institute for Wealth Management LLC. purchased a new stake in Maxwell Technologies in the 2nd quarter valued at about $102,000. SG Americas Securities LLC purchased a new stake in Maxwell Technologies in the 2nd quarter valued at about $107,000. Trexquant Investment LP purchased a new stake in Maxwell Technologies in the 3rd quarter valued at about $107,000. Finally, Edmond DE Rothschild Holding S.A. boosted its position in Maxwell Technologies by 33.4% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 20,950 shares of the electronics maker’s stock valued at $125,000 after buying an additional 5,250 shares during the period. 52.27% of the stock is owned by hedge funds and other institutional investors.

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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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