Market Runner: What’s Propelling Maxwell Technologies Inc. to Increase So Much?

Market Runner: What's Propelling Maxwell Technologies Inc. to Increase So Much?

The stock of Maxwell Technologies Inc. (NASDAQ:MXWL) is a huge mover today! About 97,654 shares traded hands. Maxwell Technologies Inc. (NASDAQ:MXWL) has declined 11.20% since March 3, 2016 and is downtrending. It has underperformed by 19.55% the S&P500.
The move comes after 6 months positive chart setup for the $176.49M company. It was reported on Oct, 6 by Barchart.com. We have $15.88 PT which if reached, will make NASDAQ:MXWL worth $338.86 million more.

Analysts await Maxwell Technologies Inc. (NASDAQ:MXWL) to report earnings on November, 3. They expect $-0.23 earnings per share, down 360.00% or $0.18 from last year’s $-0.05 per share. After $-0.16 actual earnings per share reported by Maxwell Technologies Inc. for the previous quarter, Wall Street now forecasts 43.75% negative EPS growth.

Maxwell Technologies Inc. (NASDAQ:MXWL) Ratings Coverage

Out of 3 analysts covering Maxwell Tech (NASDAQ:MXWL), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Maxwell Tech has been the topic of 3 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Monday, May 23 the stock rating was initiated by Roth Capital with “Neutral”. The company was initiated on Friday, September 11 by Oppenheimer. The firm has “Hold” rating by Canaccord Genuity given on Friday, July 31.

According to Zacks Investment Research, “Maxwell Technologies, Inc. is a leading developer and manufacturer of innovative, cost-effective energy storage and power delivery solutions. Company’s BOOSTCAP ultracapacitor cells and multi-cell modules and POWERCACHE backup power systems provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Our CONDIS high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. Its radiation-mitigated microelectronic products include power modules, memory modules and single board computers that incorporate powerful commercial silicon for superior performance and high reliability in aerospace applications.”

Insitutional Activity: The institutional sentiment decreased to 1.22 in 2016 Q2. Its down 0.66, from 1.88 in 2016Q1. The ratio fall, as 18 funds sold all Maxwell Technologies Inc. shares owned while 19 reduced positions. 17 funds bought stakes while 28 increased positions. They now own 17.41 million shares or 10.58% more from 15.74 million shares in 2016Q1.
Credit Suisse Ag owns 34,023 shares or 0% of their US portfolio. Jacobs Levy Equity Mngmt has 0.01% invested in the company for 95,648 shares. Cna owns 25,091 shares or 0.03% of their US portfolio. Bnp Paribas Arbitrage owns 1,246 shares or 0% of their US portfolio. Natl Bank Of America De last reported 109,410 shares in the company. Moreover, Parametric Associate Ltd Co has 0% invested in Maxwell Technologies Inc. (NASDAQ:MXWL) for 101,709 shares. The Illinois-based Peak6 Investments Limited Partnership has invested 0.01% in Maxwell Technologies Inc. (NASDAQ:MXWL). One Trading Lp owns 53,134 shares or 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 2,628 shares or 0% of the stock. Da Davidson And Co, a Montana-based fund reported 1,000 shares. Moreover, Employees Retirement Of Texas has 0.02% invested in Maxwell Technologies Inc. (NASDAQ:MXWL) for 233,000 shares. Blackrock has invested 0% of its portfolio in Maxwell Technologies Inc. (NASDAQ:MXWL). Geode Capital Management Limited Liability Co has 214,071 shares for 0% of their US portfolio. Condor Management holds 0.02% of its portfolio in Maxwell Technologies Inc. (NASDAQ:MXWL) for 14,740 shares. Kbc Grp Inc Nv owns 45,539 shares or 0% of their US portfolio.

Insider Transactions: Since May 11, 2016, the stock had 1 buy, and 1 insider sale for $21,789 net activity. Lyle David also sold $32,849 worth of Maxwell Technologies Inc. (NASDAQ:MXWL) shares. HOWSMON ROGER L bought 2,000 shares worth $11,060.

More notable recent Maxwell Technologies Inc. (NASDAQ:MXWL) news were published by: Prnewswire.com which released: “Steve Bilodeau to Join Maxwell Technologies Board of Directors” on May 12, 2016, also Prnewswire.com with their article: “Maxwell Technologies Delivers Regenerative Braking Energy Storage for Beijing …” published on July 27, 2016, Prnewswire.com published: “Maxwell Technologies Announces Agreement with Viex Capital Advisors” on March 14, 2016. More interesting news about Maxwell Technologies Inc. (NASDAQ:MXWL) were released by: Prnewswire.com and their article: “Jörg Buchheim to Join Maxwell Technologies Board of Directors” published on July 01, 2016 as well as Prnewswire.com‘s news article titled: “Maxwell Technologies Completes Sale of Microelectronics Product Line to Data …” with publication date: April 27, 2016.

MXWL Company Profile

Maxwell Technologies, Inc., incorporated on August 28, 1996, develops, makes 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 Firm offers three product lines: Ultracapacitors, High-Voltage Capacitors and Radiation-Hardened Microelectronic Products.

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