Setting A New 52 Week Low, Maxwell Technologies Inc. (Nasdaq:MXWL) Finishing At $3.34

Maxwell Technologies Inc. (Nasdaq:MXWL)

August 10th, 2018

Amidst falling markets Maxwell Technologies Inc. finished Monday’s trading session down 5.65%, a $0.20 decrease to close on $3.34. As well as the drop in value, Maxwell Technologies Inc. hit a new 52 week low of $3.24, breaking the previous low of $3.33 from earlier this month. Two technical ‘scores’ for companies to be aware of are the Altman Z1 and the Piotroski2 scores. MXWL scored quite low for both, which could be indicators of trouble down the road (the Altman Z-Score is -0.97, and the Piotroski Score is 1). Despite the drop in value, trading volumes were solid at 275% of normal which can indicate investor opportunities.

MXWL was outperformed by the rest of the Information Technology sector which went down only 0.81%.

Maxwell Technologies Inc. Info

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. It also offers CONDIS high-voltage capacitors, such as grading and coupling capacitors, electric voltage transformers, and metering products that are used to ensure the safety and reliability of electric utility infrastructure and other applications, including transport, distribution, and measurement of high-voltage electrical energy. In addition, the company provides dry battery electrodes for use in electric vehicles. It markets and sells its products through direct and indirect sales channels to integrators and OEMs for use in a range of end products. The company was formerly known as Maxwell Laboratories, Inc. and changed its name to Maxwell Technologies, Inc. in 1996. Maxwell Technologies, Inc. was founded in 1965 and is headquartered in San Diego, California.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Maxwell Technologies Inc.’s score is -0.97) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

(2) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (Maxwell Technologies Inc.’s score is ), and 9 is the best.

MXWL daily update
MXWL daily update

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