Capstone Turbine (CPST) Sets New 1-Year Low at $0.67

Capstone Turbine Co. (NASDAQ:CPST)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $0.67 and last traded at $0.67, with a volume of 6171 shares. The stock had previously closed at $0.70.

CPST has been the subject of several research reports. ValuEngine raised Capstone Turbine from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Zacks Investment Research raised Capstone Turbine from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, HC Wainwright set a $2.00 price target on Capstone Turbine and gave the stock a “buy” rating in a research report on Friday, October 5th. One equities 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. Capstone Turbine currently has a consensus rating of “Buy” and an average price target of $2.25.

The stock has a market capitalization of $46.00 million, a price-to-earnings ratio of -3.41 and a beta of -0.13.

Capstone Turbine (NASDAQ:CPST) last released its quarterly earnings results on Tuesday, November 6th. The industrial products company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The company had revenue of $22.17 million for the quarter, compared to analysts’ expectations of $21.80 million. Capstone Turbine had a negative return on equity of 46.55% and a negative net margin of 13.21%. On average, equities analysts predict that Capstone Turbine Co. will post -0.24 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Manatuck Hill Partners LLC grew its position in shares of Capstone Turbine by 47.6% in the second quarter. Manatuck Hill Partners LLC now owns 2,040,300 shares of the industrial products company’s stock valued at $2,918,000 after purchasing an additional 658,100 shares during the period. Renaissance Technologies LLC grew its position in shares of Capstone Turbine by 34.5% in the third quarter. Renaissance Technologies LLC now owns 1,504,829 shares of the industrial products company’s stock valued at $1,505,000 after purchasing an additional 385,720 shares during the period. Perkins Capital Management Inc. grew its position in shares of Capstone Turbine by 26.5% in the third quarter. Perkins Capital Management Inc. now owns 1,457,143 shares of the industrial products company’s stock valued at $1,457,000 after purchasing an additional 305,000 shares during the period. Bridgeway Capital Management Inc. grew its position in shares of Capstone Turbine by 9.3% in the third quarter. Bridgeway Capital Management Inc. now owns 750,159 shares of the industrial products company’s stock valued at $750,000 after purchasing an additional 63,800 shares during the period. Finally, BlackRock Inc. grew its position in shares of Capstone Turbine by 43.1% in the second quarter. BlackRock Inc. now owns 493,758 shares of the industrial products company’s stock valued at $706,000 after purchasing an additional 148,753 shares during the period. 13.07% of the stock is owned by institutional investors.

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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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