Maxwell Technologies, Inc. (MXWL) Sees Unusually-High Trading Volume After Insider Buying Activity
Shares of Maxwell Technologies, Inc. (NASDAQ:MXWL) saw unusually-strong trading volume on Thursday following insider buying activity. Approximately 1,308,129 shares changed hands during trading, an increase of 503% from the previous session’s volume of 216,841 shares.The stock last traded at $5.06 and had previously closed at $4.75.
Specifically, CEO Franz Fink bought 230,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average cost of $4.98 per share, with a total value of $1,145,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.54% of the stock is owned by corporate insiders.
Several equities analysts recently issued reports on MXWL shares. Zacks Investment Research downgraded Maxwell Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Cowen and Company reissued a “buy” rating and issued a $8.00 target price on shares of Maxwell Technologies in a research report on Thursday, October 12th. Finally, Roth Capital set a $6.00 target price on Maxwell Technologies and gave the company a “hold” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $6.70.
The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.57.
Maxwell Technologies (NASDAQ:MXWL) last posted its quarterly earnings results on Wednesday, November 8th. The electronics maker reported ($0.13) EPS for the quarter, beating the 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 company had revenue of $35.80 million for the quarter, compared to analyst estimates of $36.39 million. During the same period in the prior year, the company earned ($0.21) earnings per share. The firm’s revenue was up 40.4% on a year-over-year basis. sell-side analysts forecast that Maxwell Technologies, Inc. will post -0.84 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the business. Neuberger Berman Group LLC boosted its holdings in Maxwell Technologies by 9.0% in the third quarter. Neuberger Berman Group LLC now owns 2,126,701 shares of the electronics maker’s stock valued at $10,910,000 after purchasing an additional 175,641 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Maxwell Technologies by 22.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 74,050 shares of the electronics maker’s stock worth $380,000 after acquiring an additional 13,600 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Maxwell Technologies by 5.3% during the 3rd quarter. Royce & Associates LP now owns 1,096,242 shares of the electronics maker’s stock worth $5,624,000 after acquiring an additional 55,000 shares in the last quarter. Van Den Berg Management I Inc. boosted its stake in shares of Maxwell Technologies by 6.7% during the 3rd quarter. Van Den Berg Management I Inc. now owns 2,034,668 shares of the electronics maker’s stock worth $10,438,000 after acquiring an additional 127,680 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Maxwell Technologies during the 3rd quarter worth about $107,000. 46.62% of the stock is currently owned by institutional investors.
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Maxwell Technologies Company Profile
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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