On Thursday, SolarMax Technology, Inc. (NASDAQ:SMXT) experienced a gap down before trading as the stock closed at $11.59 but opened at $11.21. Shares last traded at $11.20 with a volume of 4,732 shares. The company has a 50-day moving average of $10.42.
Recently, Concurrent Investment Advisors LLC purchased a new position in SolarMax Technology stock during the first quarter. The fund acquired 14,000 shares of the company’s stock, valued at approximately $128,000.
SolarMax Technology, Inc. is an integrated solar energy company operating in the United States and China. The company is involved in the sale and installation of photovoltaic and battery backup systems, LED systems, and identifying and procuring solar farm projects for resale to third parties. They also provide engineering, procurement, and construction services for solar farm projects.
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