Solarmax Technology (NASDAQ:SMXT) Stock Price Down 4.7% - Time to Sell?

Solarmax Technology, Inc. (NASDAQ:SMXT - Get Free Report)'s stock price fell 4.7% during mid-day trading on Friday . The company traded as low as $0.88 and last traded at $0.8905. 150,133 shares traded hands during trading, an increase of 80% from the average session volume of 83,449 shares. The stock had previously closed at $0.9340.Get Solarmax Technology alerts:Wall Street Analyst Weigh InSMXT has been the subject of several research analyst reports. Weiss Ratings reiterated a "sell (e+)" rating on shares of Solarmax Technology in a report on Wednesday, October 8th. Wall Street Zen raised shares of Solarmax Technology to a "hold" rating in a report on Saturday, September 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of "Sell".Read Our Latest Analysis on SMXTSolarmax Technology Stock Down 4.7%The company has a market cap of $48.35 million, a P/E ratio of -4.69 and a beta of 0.42. The company has a fifty day moving average of $0.99 and a 200 day moving average of $1.07. Solarmax Technology (NASDAQ:SMXT - Get Free Report) last announced its earnings results on Friday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $30.60 million during the quarter. Institutional Trading of Solarmax TechnologyLarge investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in Solarmax Technology by 451.5% during the fourth 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 during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Solarmax Technology during the 2nd quarter valued at $75,000. Qube Research & Technologies Ltd purchased a new stake in shares of Solarmax Technology in the 2nd quarter worth $51,000. Jane Street Group LLC bought a new position in Solarmax Technology in the 2nd quarter worth $60,000. Finally, Two Sigma Investments LP bought a new position in Solarmax Technology in the 3rd quarter worth $236,000. Solarmax Technology Company Profile (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.See AlsoFive stocks we like better than Solarmax TechnologyStock Dividend Cuts Happen Are You Ready?Rocket Lab’s Big Rebound? Analysts Suggest the Dip's a GiftGrowth Stocks: What They Are, What They Are NotMeta’s AI Moment? New SAM 3 Model Has Wall Street Turning BullishInsider Trades May Not Tell You What You ThinkSnowflake Stock: The Dip That Smart Investors Are Buying Right NowThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Solarmax Technology Right Now?Before you consider Solarmax Technology, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Solarmax Technology wasn't on the list.While Solarmax Technology currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here