Capstone Turbine (CPST) Shares Down 7.1%

Capstone Turbine Co. (NASDAQ:CPST)’s share price fell 7.1% during trading on Monday . The stock traded as low as $0.78 and last traded at $0.79. 1,166,247 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 1,302,029 shares. The stock had previously closed at $0.85.

Several research firms recently commented on CPST. HC Wainwright reiterated a “buy” rating and issued a $2.00 target price on shares of Capstone Turbine in a research note on Tuesday. Oppenheimer upgraded Capstone Turbine from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 4th. Roth Capital set a $2.00 target price on Capstone Turbine and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, CIBC upgraded Capstone Turbine from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $1.58.

The stock has a market cap of $36.74, a P/E ratio of -1.33 and a beta of 0.88.

Capstone Turbine (NASDAQ:CPST) last announced its quarterly earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). The firm had revenue of $19.80 million for the quarter, compared to analyst estimates of $20.23 million. Capstone Turbine had a negative return on equity of 120.37% and a negative net margin of 25.94%. The business’s revenue was up 32.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.19) earnings per share. research analysts forecast that Capstone Turbine Co. will post -0.27 EPS for the current year.

A hedge fund recently bought a new stake in Capstone Turbine stock. GMT Capital Corp purchased a new position in shares of Capstone Turbine Co. (NASDAQ:CPST) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 274,742 shares of the industrial products company’s stock, valued at approximately $191,000. GMT Capital Corp owned about 0.59% of Capstone Turbine at the end of the most recent reporting period. 10.02% of the stock is currently owned by hedge funds and other institutional investors.

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About Capstone Turbine

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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