Roth Capital upgraded shares of Maxwell Technologies, Inc. (NASDAQ:MXWL) from a neutral rating to a buy rating in a research note published on Monday morning.

A number of other equities research analysts also recently commented on MXWL. Canaccord Genuity reiterated a hold rating and set a $7.00 price objective on shares of Maxwell Technologies in a research report on Tuesday, August 8th. Oppenheimer Holdings, Inc. reissued a hold rating on shares of Maxwell Technologies in a research report on Tuesday, August 8th. Piper Jaffray Companies reaffirmed a buy rating and issued a $7.00 price target on shares of Maxwell Technologies in a research report on Thursday, August 10th. Zacks Investment Research raised Maxwell Technologies from a hold rating to a buy rating and set a $6.50 price target on the stock in a research report on Monday, August 14th. Finally, ValuEngine raised Maxwell Technologies from a sell rating to a hold rating in a research report on Wednesday, September 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Maxwell Technologies currently has a consensus rating of Buy and an average target price of $6.70.

Shares of Maxwell Technologies (MXWL) traded up $0.37 during mid-day trading on Monday, reaching $5.82. The company had a trading volume of 1,165,900 shares, compared to its average volume of 224,858. Maxwell Technologies has a 1-year low of $4.29 and a 1-year high of $6.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.57 and a quick ratio of 1.86.

Maxwell Technologies (NASDAQ:MXWL) last issued its quarterly earnings results on Wednesday, November 8th. The electronics maker reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 32.06% and a negative net margin of 36.94%. The firm’s quarterly revenue was up 40.4% on a year-over-year basis. During the same period last year, the company posted ($0.21) EPS. equities research analysts forecast that Maxwell Technologies will post -0.84 EPS for the current fiscal year.

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In other news, CEO Franz Fink bought 230,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were bought 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 accessible through the SEC website. Also, Director Jorg Buchheim bought 250,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average cost of $5.18 per share, for a total transaction of $1,295,000.00. Following the completion of the acquisition, 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 and hedge funds have recently made changes to their positions in the stock. Institute for Wealth Management LLC. acquired a new position in Maxwell Technologies in the 2nd quarter valued at about $102,000. SG Americas Securities LLC acquired a new position in shares of Maxwell Technologies during the 2nd quarter worth approximately $107,000. American International Group Inc. grew its position in shares of 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 purchasing an additional 1,277 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Maxwell Technologies during the 3rd quarter worth approximately $100,000. Finally, Trexquant Investment LP acquired a new position in shares of Maxwell Technologies during the 3rd quarter worth approximately $107,000. Institutional investors and hedge funds own 48.17% of the company’s stock.

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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