Maxwell Technologies, Inc. (MXWL) Shares Gap Down to $5.12

Maxwell Technologies, Inc. (NASDAQ:MXWL) shares gapped down before the market opened on Thursday . The stock had previously closed at $4.59, but opened at $5.12. Maxwell Technologies shares last traded at $5.06, with a volume of 978,829 shares trading hands.

A number of research analysts have recently issued reports on MXWL shares. Zacks Investment Research raised Maxwell Technologies from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Monday. Canaccord Genuity reaffirmed a “hold” rating and set a $7.00 price objective on shares of Maxwell Technologies in a research note on Tuesday, August 8th. ValuEngine cut Maxwell Technologies from a “hold” rating to a “sell” rating in a research note on Thursday. Roth Capital set a $6.00 price objective on Maxwell Technologies and gave the company a “hold” rating in a research note on Tuesday, August 8th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Maxwell Technologies in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.00.

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. The firm had revenue of $37.10 million for the quarter, compared to analysts’ expectations of $33.99 million. Maxwell Technologies had a negative net margin of 34.18% and a negative return on equity of 30.83%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.13) EPS.

A number of large investors have recently modified their holdings of the stock. Neuberger Berman Group LLC grew its holdings in Maxwell Technologies by 4.1% during the 1st quarter. Neuberger Berman Group LLC now owns 2,035,067 shares of the electronics maker’s stock valued at $11,824,000 after purchasing an additional 80,828 shares during the last quarter. Vanguard Group Inc. grew its holdings in Maxwell Technologies by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,375,329 shares of the electronics maker’s stock valued at $8,238,000 after purchasing an additional 91,179 shares during the last quarter. Royce & Associates LP grew its holdings in Maxwell Technologies by 11.1% during the 2nd quarter. Royce & Associates LP now owns 1,041,242 shares of the electronics maker’s stock valued at $6,237,000 after purchasing an additional 104,000 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Maxwell Technologies by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 931,376 shares of the electronics maker’s stock valued at $5,411,000 after purchasing an additional 52,345 shares during the last quarter. Finally, State Street Corp grew its holdings in Maxwell Technologies by 15.4% during the 2nd quarter. State Street Corp now owns 493,335 shares of the electronics maker’s stock valued at $2,956,000 after purchasing an additional 65,969 shares during the last quarter. Institutional investors own 45.75% of the company’s stock.

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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.

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