Insider Buying: Capstone Turbine Director Acquires 3,000 Shares of Stock (CPST)
Capstone Turbine (NASDAQ:CPST) Director Gary D. Simon bought 3,000 shares of Capstone Turbine stock on the open market in a transaction that occurred on Friday, August 15th. The shares were purchased at an average price of $1.15 per share, for a total transaction of $3,450.00. Following the transaction, the director now directly owns 115,790 shares in the company, valued at approximately $133,159. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Capstone Turbine (NASDAQ:CPST) traded up 2.52% on Tuesday, hitting $1.22. The stock had a trading volume of 6,737,962 shares. Capstone Turbine has a 52 week low of $1.07 and a 52 week high of $2.60. The stock has a 50-day moving average of $1.35 and a 200-day moving average of $1.68. The company’s market cap is $402.3 million.
Capstone Turbine (NASDAQ:CPST) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.01. The company had revenue of $23.26 million for the quarter, compared to the consensus estimate of $32.78 million. During the same quarter last year, the company posted ($0.02) earnings per share. Capstone Turbine’s revenue was down 4.6% compared to the same quarter last year. Analysts expect that Capstone Turbine will post $-0.03 EPS for the current fiscal year.
Capstone Turbine Corporation (NASDAQ:CPST) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power (CHP), 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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