Capstone Turbine (CPST) Sees Large Volume Increase

Capstone Turbine Co. (NASDAQ:CPST) shares saw unusually-strong trading volume on Friday . Approximately 513,600 shares traded hands during mid-day trading, an increase of 31% from the previous session’s volume of 393,310 shares.The stock last traded at $0.80 and had previously closed at $0.81.

Several equities research analysts have recently commented on CPST shares. HC Wainwright set a $2.00 target price on Capstone Turbine and gave the company a “buy” rating in a research note on Wednesday, October 11th. Roth Capital set a $2.00 price objective on Capstone Turbine and gave the stock a “buy” rating in a research note on Friday, October 27th. CIBC raised Capstone Turbine from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 4th. Finally, Oppenheimer raised Capstone Turbine from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $1.58.

Capstone Turbine (NASDAQ:CPST) last announced its quarterly earnings data on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Capstone Turbine had a negative return on equity of 120.37% and a negative net margin of 25.94%. The company had revenue of $19.80 million for the quarter, compared to analyst estimates of $20.23 million. During the same period last year, the firm earned ($0.19) earnings per share. The firm’s revenue for the quarter was up 32.0% on a year-over-year basis. equities analysts expect that Capstone Turbine Co. will post -0.25 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its stake in Capstone Turbine by 9.0% in the first quarter. Renaissance Technologies LLC now owns 825,509 shares of the industrial products company’s stock valued at $632,000 after acquiring an additional 68,400 shares during the period. GMT Capital Corp acquired a new position in Capstone Turbine in the third quarter valued at about $191,000. Finally, Wedbush Securities Inc. grew its stake in Capstone Turbine by 15.8% in the second quarter. Wedbush Securities Inc. now owns 205,714 shares of the industrial products company’s stock valued at $140,000 after acquiring an additional 28,050 shares during the period. 10.06% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This news story was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.com-unik.info/2017/12/10/capstone-turbine-cpst-sees-large-volume-increase.html.

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.

What are top analysts saying about Capstone Turbine Co.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Capstone Turbine Co. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit