Capstone Turbine Corporation (NASDAQ:CPST)’s share price was down 5.7% during mid-day trading on Tuesday . The stock traded as low as $0.86 and last traded at $0.95. Approximately 903,025 shares traded hands during mid-day trading, an increase of 106% from the average daily volume of 438,015 shares. The stock had previously closed at $0.90.
Several equities analysts recently issued reports on CPST shares. Roth Capital set a $1.00 target price on Capstone Turbine Corporation and gave the company a “hold” rating in a research report on Thursday, August 10th. CIBC raised Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 4th. HC Wainwright set a $2.00 target price on Capstone Turbine Corporation and gave the company a “buy” rating in a research report on Wednesday, June 14th. Oppenheimer Holdings, Inc. raised Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 4th. Finally, Zacks Investment Research downgraded Capstone Turbine Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $1.58.
The company’s market cap is $41.63 million. The firm has a 50 day moving average of $0.69 and a 200 day moving average of $0.69.
Capstone Turbine Corporation (NASDAQ:CPST) last announced its earnings results on Wednesday, August 9th. The industrial products company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Capstone Turbine Corporation had a negative net margin of 30.38% and a negative return on equity of 116.84%. The business had revenue of $19.20 million during the quarter, compared to analysts’ expectations of $19.20 million. During the same period in the prior year, the company earned ($0.17) earnings per share. The business’s revenue was up .5% compared to the same quarter last year. On average, analysts anticipate that Capstone Turbine Corporation will post ($0.24) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Capstone Turbine Corporation stock. Renaissance Technologies LLC lifted its position in shares of Capstone Turbine Corporation (NASDAQ:CPST) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 825,509 shares of the industrial products company’s stock after acquiring an additional 68,400 shares during the quarter. Renaissance Technologies LLC owned 2.31% of Capstone Turbine Corporation worth $632,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 13.45% of the company’s stock.
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About Capstone Turbine Corporation
Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.
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