Maxwell Technologies Inc. (MXWL) Given Consensus Rating of “Buy” by Brokerages

Shares of Maxwell Technologies Inc. (NASDAQ:MXWL) have received a consensus rating of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $5.06.

A number of research firms have commented on MXWL. ValuEngine raised Maxwell Technologies from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. Roth Capital downgraded Maxwell Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $7.00 to $4.25 in a research note on Monday, February 4th.

Maxwell Technologies stock opened at $4.56 on Friday. The firm has a market capitalization of $209.80 million, a price-to-earnings ratio of -5.01 and a beta of 1.21. Maxwell Technologies has a 12 month low of $1.77 and a 12 month high of $6.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.03 and a quick ratio of 2.85.

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Maxwell Technologies by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 428,841 shares of the electronics maker’s stock valued at $887,000 after purchasing an additional 24,397 shares during the period. Northern Trust Corp increased its stake in Maxwell Technologies by 0.8% in the fourth quarter. Northern Trust Corp now owns 475,790 shares of the electronics maker’s stock valued at $985,000 after purchasing an additional 3,721 shares during the period. Bank of New York Mellon Corp increased its stake in Maxwell Technologies by 6.3% in the fourth quarter. Bank of New York Mellon Corp now owns 295,615 shares of the electronics maker’s stock valued at $613,000 after purchasing an additional 17,442 shares during the period. BlackRock Inc. increased its stake in Maxwell Technologies by 2.3% in the fourth quarter. BlackRock Inc. now owns 2,448,336 shares of the electronics maker’s stock valued at $5,069,000 after purchasing an additional 54,636 shares during the period. Finally, B. Riley Financial Inc. increased its stake in Maxwell Technologies by 42.9% in the fourth quarter. B. Riley Financial Inc. now owns 100,000 shares of the electronics maker’s stock valued at $207,000 after purchasing an additional 30,000 shares during the period. Hedge funds and other institutional investors own 56.45% of the company’s stock.

About Maxwell Technologies

Maxwell Technologies, Inc develops, manufactures, and markets energy storage and power delivery products worldwide. The company offers ultracapacitor cells, multi-cell packs, modules, and subsystems that provide energy storage and power delivery solutions for the automotive, grid energy storage, wind, bus, industrial, and truck industries; and lithium-ion capacitors, which are energy storage devices designed to address various of applications in the rail, grid, and industrial markets.

See Also: Hedge Funds

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