Capstone Turbine (CPST) Shares Down 7.1%

Capstone Turbine Co. (NASDAQ:CPST) traded down 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 equities research analysts recently commented on the company. HC Wainwright set a $2.00 price target on Capstone Turbine and gave the company a “buy” rating in a report on Friday, October 20th. Oppenheimer raised Capstone Turbine from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. CIBC raised Capstone Turbine from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. Finally, Roth Capital set a $2.00 price target on Capstone Turbine and gave the company a “buy” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $1.58.

The firm has a market cap of $36.83, a PE ratio of -1.39 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) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The business had revenue of $19.80 million during the quarter, compared to analysts’ expectations of $20.23 million. Capstone Turbine had a negative return on equity of 120.37% and a negative net margin of 25.94%. The company’s revenue was up 32.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.19) earnings per share. equities research analysts anticipate 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 acquired a new position in Capstone Turbine Co. (NASDAQ:CPST) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 274,742 shares of the industrial products company’s stock, valued at approximately $191,000. GMT Capital Corp owned 0.59% of Capstone Turbine as of its most recent filing with the Securities & Exchange Commission. 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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