Maxwell Technologies, Inc. (NASDAQ:MXWL):
Maxwell Technologies appoints Olaf MÃ¼ller senior vice president of global sales.
The company is unchanged by 0.00% since yesterday’s close of $5.18.
Shares are trading at $5.18 which is just a bit higher than the 50 day moving average which is $5.08 and a bit lower than the 200 day moving average of $5.53. The 50 day moving average was up $0.10 or +1.98% and the 200 day average went down $-0.35 or -6.33%.
As of the latest earnings report the EPS was $-0.26 and is expected to be $-0.56 for the current year with 31,841,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $-0.18 with next year’s EPS anticipated to be $-0.58.
Traders are feeling more bearish on the company recently as inferred by the increase in short interest. The firm recorded a rise in short interest of 0.07% as of September 15, 2016 from the last reporting period. Short interest increased from 1,667,761 to 1,788,102 over that timeframe. Days to cover decreased -1.9 to 12.6 and the percentage of shorted shares was 0.06% on September 15.
A few brokerages have released opinions on the stock of late. On May 23 analysts at Roth Capital initiated coverage on the stock setting a rating of “Neutral” and setting a price target of $6.00. On September 11, 2015 Oppenheimer starting coverage on the stock with an initial rating of “Perform”.
On June 17 the stock rating was upgraded from “Market Perform” to “Outperform” in an announcement from Northland Securities. On April 27 the company was downgraded from “Accumulate” to “Hold” and a price target of $7.00 was set by analysts at Ardour Capital.
Ardour Capital both downgraded the stock and lowered the price target on April 27 changing the price target from $12.00 to $7.00 and setting the rating at “Hold” which had previously been “Accumulate”. On April 24 the stock rating was downgraded to “Hold” from “Buy” with a current price target of $7.00 in a report issued by Canaccord Genuity.