Capstone Turbine (NASDAQ:CPST) Shares Down 12.8%

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Capstone Turbine Co. (NASDAQ:CPST) shares traded down 12.8% during trading on Wednesday . The company traded as low as $0.33 and last traded at $0.40, 1,204,620 shares traded hands during trading. An increase of 266% from the average session volume of 329,508 shares. The stock had previously closed at $0.46.

A number of analysts have commented on the company. Zacks Investment Research lowered Capstone Turbine from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Maxim Group set a $1.00 price objective on Capstone Turbine and gave the stock a “buy” rating in a report on Friday, August 9th. One investment 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 stock has an average rating of “Hold” and an average price target of $1.25.

The company has a market capitalization of $26.73 million, a P/E ratio of -1.38 and a beta of 0.64. 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 firm has a fifty day moving average price of $0.52 and a 200-day moving average price of $0.73.

Capstone Turbine (NASDAQ:CPST) last released its earnings results on Thursday, August 8th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The business had revenue of $19.24 million during the quarter, compared to the consensus estimate of $22.80 million. Capstone Turbine had a negative net margin of 21.30% and a negative return on equity of 75.59%. On average, research analysts forecast that Capstone Turbine Co. will post -0.17 EPS for the current year.

A hedge fund recently raised its stake in Capstone Turbine stock. Vanguard Group Inc. increased its holdings in Capstone Turbine Co. (NASDAQ:CPST) by 82.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,603,490 shares of the industrial products company’s stock after acquiring an additional 1,174,045 shares during the period. Vanguard Group Inc. owned about 3.55% of Capstone Turbine worth $2,048,000 at the end of the most recent quarter. Institutional investors own 10.93% 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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