Maxwell Stock Gaps Down On Today's Open (MXWL)

NEW YORK ( TheStreet) -- Shares of Maxwell Technologies (Nasdaq: MXWL) were gapping down Friday morning with an open price 26.1% lower than Thursday's closing price. The stock closed at $15.80 Thursday and opened today's trading at $11.68.

The average volume for Maxwell has been 217,700 shares per day over the past 30 days. Maxwell has a market cap of $452.3 million and is part of the technology sector and electronics industry. Shares are down 3.8% year to date as of the close of trading on Thursday.

Maxwell Technologies, Inc., together with its subsidiaries, develops, manufactures, and markets energy storage and power delivery products, and microelectronic products worldwide. The company has a P/E ratio of 91.9, below the average electronics industry P/E ratio of 520.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Maxwell as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and premium valuation. You can view the full Maxwell Ratings Report.

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