Maxwell Technologies (MXWL) Cut to “Neutral” at Roth Capital

Maxwell Technologies (NASDAQ:MXWL) was downgraded by equities research analysts at Roth Capital from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, February 4th, The Fly reports. They presently have a $4.25 price objective on the electronics maker’s stock, down from their previous price objective of $7.00. Roth Capital’s price objective indicates a potential downside of 9.96% from the stock’s current price.

Other analysts also recently issued research reports about the stock. ValuEngine raised shares of Maxwell Technologies from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. Cowen reissued a “buy” rating and set a $5.00 price objective on shares of Maxwell Technologies in a research note on Friday, November 9th. Finally, Zacks Investment Research raised shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $5.06.

MXWL stock remained flat at $$4.72 during trading on Monday. 915,415 shares of the company were exchanged, compared to its average volume of 3,106,581. The stock has a market capitalization of $217.17 million, a P/E ratio of -5.19 and a beta of 1.13. Maxwell Technologies has a 52-week low of $1.77 and a 52-week high of $6.27. The company has a current ratio of 4.03, a quick ratio of 2.85 and a debt-to-equity ratio of 0.42.

Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Maxwell Technologies by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 428,841 shares of the electronics maker’s stock worth $887,000 after acquiring an additional 24,397 shares in the last quarter. Northern Trust Corp increased its position in shares of Maxwell Technologies by 0.8% in the fourth quarter. Northern Trust Corp now owns 475,790 shares of the electronics maker’s stock worth $985,000 after acquiring an additional 3,721 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Maxwell Technologies by 6.3% in the fourth quarter. Bank of New York Mellon Corp now owns 295,615 shares of the electronics maker’s stock worth $613,000 after acquiring an additional 17,442 shares in the last quarter. BlackRock Inc. increased its position in shares of Maxwell Technologies by 2.3% in the fourth quarter. BlackRock Inc. now owns 2,448,336 shares of the electronics maker’s stock worth $5,069,000 after acquiring an additional 54,636 shares in the last quarter. Finally, B. Riley Financial Inc. increased its position in shares of Maxwell Technologies by 42.9% in the fourth quarter. B. Riley Financial Inc. now owns 100,000 shares of the electronics maker’s stock worth $207,000 after acquiring an additional 30,000 shares in the last quarter. 58.23% of the stock is owned by institutional investors.

Maxwell Technologies Company Profile

Maxwell Technologies, Inc develops, manufactures, and markets energy storage and power delivery products worldwide. The company provides ultracapacitor cells, multi-cell packs, modules, and subsystems that provide energy storage and power delivery solutions for applications in automotive, grid energy storage, wind, bus, industrial, and truck industries; and lithium-ion capacitors, which are energy storage devices designed to address various applications in the rail, grid, and industrial markets.

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