Capstone Turbine (CPST) Shares Down 4.6%

Capstone Turbine Co. (NASDAQ:CPST)’s share price traded down 4.6% on Friday . The stock traded as low as $0.85 and last traded at $0.91. 3,140,855 shares traded hands during mid-day trading, an increase of 231% from the average session volume of 948,480 shares. The stock had previously closed at $0.87.

Several equities analysts have recently weighed in on the company. HC Wainwright set a $2.00 price target on Capstone Turbine and gave the company a “buy” rating in a research report on Tuesday. Oppenheimer set a $2.00 price target on Capstone Turbine and gave the company a “buy” rating in a research report on Monday. Finally, Roth Capital set a $2.00 price target on Capstone Turbine and gave the company a “buy” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Capstone Turbine presently has a consensus rating of “Buy” and an average target price of $1.69.

The stock has a market cap of $40.67, a PE ratio of -3.03 and a beta of 0.84.

Capstone Turbine (NASDAQ:CPST) last posted its earnings results on Monday, February 5th. The industrial products company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $22.80 million during the quarter, compared to analysts’ expectations of $22.70 million. During the same period in the previous year, the business earned ($0.28) earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. sell-side analysts anticipate that Capstone Turbine Co. will post -0.21 EPS for the current year.

A hedge fund recently bought a new stake in Capstone Turbine stock. Perkins Capital Management Inc. bought a new position in shares of Capstone Turbine Co. (NASDAQ:CPST) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 965,743 shares of the industrial products company’s stock, valued at approximately $744,000. Perkins Capital Management Inc. owned approximately 2.07% of Capstone Turbine as of its most recent SEC filing. 12.09% of the stock is owned by institutional investors.

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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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