Maxwell Technologies, Inc. (NASDAQ:MXWL) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Several other equities research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Roth Capital set a $6.00 price objective on shares of Maxwell Technologies and gave the company a “hold” rating in a research report on Monday, July 31st. Cowen and Company reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Maxwell Technologies in a research report on Sunday, September 10th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Maxwell Technologies in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $7.00.

Shares of Maxwell Technologies (NASDAQ MXWL) opened at 5.16 on Thursday. The company’s 50 day moving average price is $5.76 and its 200 day moving average price is $5.77. Maxwell Technologies has a one year low of $4.39 and a one year high of $6.61. The stock’s market capitalization is $183.31 million.

Maxwell Technologies (NASDAQ:MXWL) last posted its quarterly earnings data on Monday, August 7th. The electronics maker reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.06. The business 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 firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.13) EPS. On average, analysts expect that Maxwell Technologies will post ($0.61) earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of the business. Neuberger Berman Group LLC lifted its position 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 worth $11,824,000 after buying an additional 80,828 shares in the last quarter. Vanguard Group Inc. lifted its position 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 worth $8,238,000 after buying an additional 91,179 shares in the last quarter. Royce & Associates LP lifted its position 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 worth $6,237,000 after buying an additional 104,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position 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 worth $5,411,000 after buying an additional 52,345 shares in the last quarter. Finally, State Street Corp lifted its position in Maxwell Technologies by 15.4% during the 2nd quarter. State Street Corp now owns 493,335 shares of the electronics maker’s stock worth $2,956,000 after buying an additional 65,969 shares in the last quarter. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Maxwell Technologies (NASDAQ:MXWL)

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