Maxwell Technologies Inc. (MXWL) Receives Average Recommendation of “Hold” from Brokerages

Maxwell Technologies Inc. (NASDAQ:MXWL) has received an average rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $7.33.

A number of equities analysts recently issued reports on the stock. ValuEngine raised shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research report on Monday, November 20th. Zacks Investment Research lowered shares of Maxwell Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Roth Capital set a $6.00 target price on shares of Maxwell Technologies and gave the stock a “hold” rating in a research report on Wednesday, November 1st.

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

A number of institutional investors have recently made changes to their positions in MXWL. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Maxwell Technologies in the 3rd quarter valued at $100,000. Trexquant Investment LP bought a new stake in Maxwell Technologies in the 3rd quarter valued at $107,000. Alliancebernstein L.P. bought a new stake in Maxwell Technologies in the 2nd quarter valued at $128,000. Levin Capital Strategies L.P. bought a new stake in shares of Maxwell Technologies in the 4th quarter worth about $161,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Maxwell Technologies by 511.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 32,045 shares of the electronics maker’s stock worth $184,000 after purchasing an additional 26,803 shares during the last quarter. 52.27% of the stock is currently owned by hedge funds and other institutional investors.

Maxwell Technologies (NASDAQ:MXWL) opened at $5.40 on Friday. Maxwell Technologies has a 52-week low of $4.29 and a 52-week high of $6.61. The stock has a market cap of $200.21, a price-to-earnings ratio of -3.97 and a beta of 0.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.86 and a current ratio of 2.57.

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

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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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