Canaccord Genuity Assumes Maxwell Technologies to Hold

Brokerage firm Canaccord Genuity Assumes its rating on Maxwell Technologies(NASDAQ:MXWL). The shares have been rated Hold. The rating by Canaccord Genuity was issued on Sep 23, 2016.

Maxwell Technologies (MXWL) made into the market gainers list on Tuesdays trading session with the shares advancing 3.39% or 0.17 points. Due to strong positive momentum, the stock ended at $5.18, which is also near the day’s high of $5.2. The stock began the session at $5 and the volume stood at 79,042 shares. The 52-week high of the shares is $8.04 and the 52 week low is $4.2. The company has a current market capitalization of $166 M and it has 3,20,81,789 shares in outstanding.

Maxwell Technologies(MXWL) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $34.13M. Analysts had an estimated revenue of $35.08M. Earnings per share were $-0.13. Analysts had estimated an EPS of $-0.06.

Several Insider Transactions has been reported to the SEC. On May 20, 2016, Roger L Howsmon (director) purchased 2,000 shares at $5.53 per share price.Also, On May 12, 2016, David Lyle (Chief Financial Officer) sold 5,693 shares at $5.77 per share price.On Nov 4, 2015, Christopher Humphrey (VP of Marketing and Bus. Dev.) sold 1,396 shares at $6.14 per share price, according to the Form-4 filing with the securities and exchange commission.

Maxwell Technologies Inc. develops manufactures and markets energy storage and power delivery products and microelectronic products. The Company offers three product lines: ultracapacitors high-voltage capacitors and radiation-hardened microelectronic products. It offers ultracapacitor cells with capacitances ranging from one to 3400 farads. It designs and manufactures CONDIS high-voltage capacitors which include grading and coupling capacitors and electric voltage transformers. The Company offers radiation-hardened microelectronic products for satellites and space crafts that include single board computers and components. It also offers RADPAK packaging and shielding technology and architectures for radiation-hardened microelectronic products. The Company offers its products for transportation industrial information technology and space and satellite applications among others. It has operations in San Diego California; Peoria Arizona and Rossens Switzerland.

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