Capstone Turbine Co. (NASDAQ:CPST) saw unusually-strong trading volume on Wednesday . Approximately 3,059,897 shares changed hands during mid-day trading, an increase of 646% from the previous session’s volume of 410,343 shares.The stock last traded at $0.81 and had previously closed at $0.75.
Several equities analysts have recently weighed in on CPST shares. HC Wainwright set a $2.00 target price on shares of Capstone Turbine and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Roth Capital set a $2.00 target price on shares of Capstone Turbine and gave the stock a “buy” rating in a research note on Friday, October 27th. CIBC upgraded shares of Capstone Turbine from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 4th. Finally, Oppenheimer upgraded shares of 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 assigned a hold rating and four have issued a buy rating to the company. Capstone Turbine presently has an average rating of “Buy” and a consensus target price of $1.58.
The company has a market cap of $35.99, a P/E ratio of -1.28 and a beta of 0.88.
A hedge fund recently bought a new stake in Capstone Turbine stock. GMT Capital Corp acquired a new stake in shares of Capstone Turbine Co. (NASDAQ:CPST) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 274,742 shares of the industrial products company’s stock, valued at approximately $191,000. GMT Capital Corp owned approximately 0.59% of Capstone Turbine at the end of the most recent quarter. 10.02% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: “Capstone Turbine (CPST) Sees Unusually-High Trading Volume” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.com-unik.info/2017/12/27/capstone-turbine-cpst-sees-unusually-high-trading-volume.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.
Receive News & Ratings for Capstone Turbine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstone Turbine and related companies with MarketBeat.com's FREE daily email newsletter.