Solarmax Technology (NASDAQ:SMXT – Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.98) earnings per share for the quarter, FiscalAI reports. The business had revenue of $10.24 million for the quarter.
Solarmax Technology Trading Up 6.2%
Shares of Solarmax Technology stock opened at $4.66 on Friday. Solarmax Technology has a twelve month low of $1.82 and a twelve month high of $15.24. The firm’s 50-day moving average price is $3.11 and its 200 day moving average price is $4.97. The firm has a market capitalization of $22.09 million, a PE ratio of -3.53 and a beta of 0.24.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Solarmax Technology in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Solarmax Technology stock. Renaissance Technologies LLC grew its holdings in shares of Solarmax Technology, Inc. (NASDAQ:SMXT – Free Report) by 45.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,483 shares of the company’s stock after purchasing an additional 18,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.10% of Solarmax Technology worth $40,000 at the end of the most recent quarter.
Solarmax Technology Company Profile
SolarMax Technology, Inc is a renewable energy company that develops and delivers solar photovoltaic solutions, with a primary focus on distributed solar projects in China. The company serves customers seeking to generate electricity through solar installations and provides services spanning project development, system design, procurement, construction and installation.
In addition to deploying solar power systems, SolarMax Technology provides related project management and operations and maintenance services.
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