SolarMax Technology (NASDAQ:SMXT) Trading Down 6.6%

SolarMax Technology, Inc. (NASDAQ:SMXT)’s stock price fell 6.6% during trading on Friday . The company traded as low as $0.65 and last traded at $0.66. 618,616 shares were traded during mid-day trading, an increase of 180% from the average session volume of 220,658 shares. The stock had previously closed at $0.71.

SolarMax Technology Stock Performance

The business has a 50 day moving average of $2.40 and a 200 day moving average of $5.98.

SolarMax Technology (NASDAQ:SMXT) last posted its earnings results on Wednesday, August 14th. The company reported ($0.05) EPS for the quarter. The firm had revenue of $4.45 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SolarMax Technology stock. Concurrent Investment Advisors LLC grew its stake in SolarMax Technology, Inc. (NASDAQ:SMXT) by 76.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,650 shares of the company’s stock after purchasing an additional 10,650 shares during the period. Concurrent Investment Advisors LLC owned approximately 0.05% of SolarMax Technology worth $81,000 at the end of the most recent reporting period.

SolarMax Technology Company Profile

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.