Capstone Turbine (NASDAQ:CPST) Trading Up 7.7%

Capstone Turbine Co. (NASDAQ:CPST) shares were up 7.7% during trading on Monday . The company traded as high as $0.70 and last traded at $0.70, approximately 329,906 shares traded hands during mid-day trading. An increase of 6% from the average daily volume of 311,461 shares. The stock had previously closed at $0.65.

A number of analysts have commented on CPST shares. Zacks Investment Research cut Capstone Turbine from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Maxim Group set a $1.00 price target on Capstone Turbine and gave the stock a “buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $1.25.

The company has a debt-to-equity ratio of 1.69, a current ratio of 2.30 and a quick ratio of 1.57. The business has a 50-day simple moving average of $0.73 and a 200 day simple moving average of $0.82. The firm has a market cap of $50.31 million, a PE ratio of -2.64 and a beta of 0.65.

Capstone Turbine (NASDAQ:CPST) last issued its quarterly earnings results on Tuesday, June 11th. The industrial products company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Capstone Turbine had a negative return on equity of 75.59% and a negative net margin of 21.30%. The company had revenue of $22.02 million during the quarter, compared to analysts’ expectations of $20.97 million. On average, equities analysts forecast that Capstone Turbine Co. will post -0.15 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC grew its position in shares of Capstone Turbine by 77.5% during the first quarter. Virtu Financial LLC now owns 119,327 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 52,107 shares in the last quarter. GMT Capital Corp purchased a new stake in shares of Capstone Turbine during the first quarter worth about $247,000. BlackRock Inc. grew its position in shares of Capstone Turbine by 6.5% during the fourth quarter. BlackRock Inc. now owns 520,703 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 31,682 shares in the last quarter. Wedbush Securities Inc. grew its position in shares of Capstone Turbine by 5.6% during the first quarter. Wedbush Securities Inc. now owns 485,365 shares of the industrial products company’s stock worth $437,000 after purchasing an additional 25,529 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Capstone Turbine by 82.1% during the second quarter. Vanguard Group Inc. now owns 2,603,490 shares of the industrial products company’s stock worth $2,048,000 after purchasing an additional 1,174,045 shares in the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

About Capstone Turbine (NASDAQ:CPST)

Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply.

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