Shares of Capstone Turbine Co. (NASDAQ:CPST) traded up 7.6% during trading on Monday . The company traded as high as $1.01 and last traded at $0.99. 1,073,740 shares were traded during mid-day trading, an increase of 10% from the average session volume of 979,851 shares. The stock had previously closed at $0.92.
A number of analysts have commented on the company. Zacks Investment Research upgraded Capstone Turbine from a “hold” rating to a “buy” rating and set a $1.00 price objective for the company in a research report on Tuesday. HC Wainwright set a $2.00 price objective on Capstone Turbine and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, Oppenheimer set a $2.00 price objective on Capstone Turbine and gave the stock a “buy” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $1.75.
The firm has a market capitalization of $53.40, a PE ratio of -2.99 and a beta of 0.46.
Capstone Turbine (NASDAQ:CPST) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.05. Capstone Turbine had a negative return on equity of 66.93% and a negative net margin of 15.01%. The company had revenue of $22.80 million during the quarter, compared to the consensus estimate of $22.70 million. During the same quarter last year, the company earned ($0.28) EPS. The company’s quarterly revenue was up 12.9% on a year-over-year basis. analysts predict that Capstone Turbine Co. will post -0.22 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Sabby Management LLC acquired a new position in shares of Capstone Turbine in the 4th quarter worth approximately $758,000. Perkins Capital Management Inc. acquired a new position in shares of Capstone Turbine in the 4th quarter worth approximately $744,000. Wedbush Securities Inc. raised its holdings in shares of Capstone Turbine by 52.1% in the 4th quarter. Wedbush Securities Inc. now owns 323,918 shares of the industrial products company’s stock worth $249,000 after buying an additional 111,001 shares in the last quarter. GMT Capital Corp acquired a new position in shares of Capstone Turbine in the 3rd quarter worth approximately $191,000. Finally, Geode Capital Management LLC raised its holdings in shares of Capstone Turbine by 63.3% in the 4th quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock worth $134,000 after buying an additional 67,509 shares in the last quarter. 11.33% of the stock is owned by institutional investors and hedge funds.
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Capstone Turbine Company Profile
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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