Capstone Turbine (CPST) Sees Unusually-High Trading Volume

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.

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

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.

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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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