SolarMax Technology (NASDAQ:SMXT) Trading Down 6.6%

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

SolarMax Technology Price Performance

The company has a 50 day simple moving average of $2.40 and a 200 day simple moving average of $5.99.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SolarMax Technology stock. Concurrent Investment Advisors LLC lifted its position in SolarMax Technology, Inc. (NASDAQ:SMXT) by 76.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,650 shares of the company’s stock after buying an additional 10,650 shares during the quarter. Concurrent Investment Advisors LLC owned about 0.05% of SolarMax Technology worth $81,000 as of its most recent SEC filing.

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.