MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $26,000 Stake in SolarMax Technology, Inc. (NASDAQ:SMXT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in SolarMax Technology, Inc. (NASDAQ:SMXT) by 430.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,866 shares of the company’s stock after purchasing an additional 12,873 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in SolarMax Technology were worth $26,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Wells Fargo & Company MN increased its holdings in shares of SolarMax Technology by 703.0% in the 4th quarter. Wells Fargo & Company MN now owns 16,141 shares of the company’s stock valued at $26,000 after purchasing an additional 14,131 shares during the period. Bank of America Corp DE grew its stake in shares of SolarMax Technology by 451.5% in the 4th quarter. Bank of America Corp DE now owns 22,695 shares of the company’s stock valued at $37,000 after buying an additional 18,580 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of SolarMax Technology in the 4th quarter valued at approximately $36,000. Barclays PLC grew its stake in shares of SolarMax Technology by 535.6% in the 4th quarter. Barclays PLC now owns 46,290 shares of the company’s stock valued at $75,000 after buying an additional 39,007 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of SolarMax Technology by 541.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 72,186 shares of the company’s stock valued at $117,000 after buying an additional 60,928 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised SolarMax Technology from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th.

SolarMax Technology Stock Performance

Shares of NASDAQ SMXT opened at $1.13 on Tuesday. The stock has a market cap of $53.57 million, a price-to-earnings ratio of -3.05 and a beta of 1.00. The business has a 50 day simple moving average of $1.14 and a 200 day simple moving average of $1.36. SolarMax Technology, Inc. has a 52 week low of $0.60 and a 52 week high of $7.46.

SolarMax Technology (NASDAQ:SMXT) last issued its quarterly earnings results on Friday, May 16th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $6.93 million during the quarter.

About SolarMax Technology

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.