SolarMax Technology, Inc. (NASDAQ:SMXT) experienced a gap down in trading on Thursday, opening at $11.21 after closing at $11.59. Shares of SolarMax Technology last traded at $11.20 with a volume of 4,732 shares. The stock saw an increase of 2.3%, with a 50-day moving average of $10.42.
In terms of institutional activity, Concurrent Investment Advisors LLC recently purchased a new position in SolarMax Technology, buying 14,000 shares valued at approximately $128,000. The company operates as an integrated solar energy firm in the United States and China, selling and installing photovoltaic and battery backup systems, as well as LED systems. SolarMax Technology also identifies and procures solar farm projects for resale and provides engineering, procurement, and construction services for solar farm projects.
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