Traders Buy Large Volume of Maxwell Technologies Call Options (MXWL)
Maxwell Technologies, Inc. (NASDAQ:MXWL) was the target of some unusual options trading activity on Friday. Stock traders purchased 1,546 call options on the stock. This is an increase of approximately Infinity compared to the typical volume of 0 call options.
In other Maxwell Technologies news, CEO Franz Fink acquired 230,000 shares of Maxwell Technologies stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired 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 at this hyperlink. Also, Director Jorg Buchheim acquired 250,000 shares of Maxwell Technologies stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average cost of $5.18 per share, with a total value of $1,295,000.00. Following the purchase, the director now owns 328,180 shares in the company, valued at approximately $1,699,972.40. The disclosure for this purchase can be found here. 3.54% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Institute for Wealth Management LLC. acquired a new position in Maxwell Technologies during the 2nd quarter worth $102,000. SG Americas Securities LLC acquired a new position in Maxwell Technologies during the 2nd quarter worth $107,000. American International Group Inc. lifted its position in Maxwell Technologies by 7.1% during the 1st quarter. American International Group Inc. now owns 19,390 shares of the electronics maker’s stock worth $113,000 after acquiring an additional 1,277 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Maxwell Technologies during the 3rd quarter worth $100,000. Finally, Trexquant Investment LP acquired a new position in Maxwell Technologies during the 3rd quarter worth $107,000. 48.17% of the stock is owned by hedge funds and other institutional investors.
Maxwell Technologies (MXWL) opened at $5.45 on Monday. The company has a quick ratio of 1.86, a current ratio of 2.57 and a debt-to-equity ratio of 0.28. Maxwell Technologies has a 52-week low of $4.29 and a 52-week high of $6.61.
Maxwell Technologies (NASDAQ:MXWL) last released its earnings results on Wednesday, November 8th. The electronics maker reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.02. The firm had revenue of $35.80 million during the quarter, compared to analyst estimates of $36.39 million. Maxwell Technologies had a negative net margin of 36.94% and a negative return on equity of 32.06%. The business’s revenue was up 40.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.21) EPS. equities analysts forecast that Maxwell Technologies will post -0.84 earnings per share for the current fiscal year.
Several research firms recently issued reports on MXWL. Zacks Investment Research raised shares of Maxwell Technologies from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research note on Monday, September 18th. Roth Capital set a $6.00 price objective on shares of Maxwell Technologies and gave the company a “hold” rating in a research note on Monday, July 31st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Maxwell Technologies in a research note on Thursday, August 10th. Cowen and Company reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Maxwell Technologies in a research note on Sunday, September 10th. Finally, ValuEngine raised shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Maxwell Technologies has an average rating of “Hold” and an average price target of $6.70.
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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