SolarMax Technology (NASDAQ:SMXT - Get Free Report) released its earnings results on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $6.44 million for the quarter.
SolarMax Technology Trading Up 2.8 %
NASDAQ:SMXT traded up $0.03 during trading hours on Friday, reaching $1.11. 120,859 shares of the company traded hands, compared to its average volume of 257,624. The business's 50-day moving average price is $1.36 and its two-hundred day moving average price is $1.27. SolarMax Technology has a 1 year low of $0.60 and a 1 year high of $15.88. The stock has a market capitalization of $50.27 million, a P/E ratio of -1.39 and a beta of 0.98.
Hedge Funds Weigh In On SolarMax Technology
A hedge fund recently raised its stake in SolarMax Technology stock. Bank of America Corp DE boosted its position in shares of SolarMax Technology, Inc. (NASDAQ:SMXT - Free Report) by 451.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 22,695 shares of the company's stock after purchasing an additional 18,580 shares during the quarter. Bank of America Corp DE owned about 0.05% of SolarMax Technology worth $37,000 at the end of the most recent reporting period.
About SolarMax Technology
(
Get Free Report)
SolarMax Technology, Inc, through its subsidiaries, operates as an integrated solar energy company in the United States and China. The company engages in the sale and installation of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction services for solar farm projects.
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