SolarMax Technology (NASDAQ:SMXT) Shares Gap Up to $12.47

SolarMax Technology, Inc. (NASDAQ:SMXTGet Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $12.47, but opened at $12.87. SolarMax Technology shares last traded at $12.78, with a volume of 5,986 shares.

SolarMax Technology Price Performance

The company has a 50-day moving average price of $10.10.

Institutional Trading of SolarMax Technology

An institutional investor recently bought a new position in SolarMax Technology stock. Concurrent Investment Advisors LLC purchased a new stake in SolarMax Technology, Inc. (NASDAQ:SMXTFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,000 shares of the company’s stock, valued at approximately $128,000.

SolarMax Technology Company Profile

(Get Free Report)

SolarMax Technology, Inc, through its subsidiaries, operates as an integrated solar energy company in the United States and China. The company engages in the sale and installation of photovoltaic and battery backup systems; financing the sale of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction services for solar farm projects.

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