Capstone Turbine (NASDAQ:CPST) was downgraded by Oppenheimer from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, Briefing.com Automated Import reports.
Other equities analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Capstone Turbine from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Zacks Investment Research downgraded shares of Capstone Turbine from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Finally, Maxim Group set a $0.50 price target on shares of Capstone Turbine and gave the stock a “buy” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $1.13.
CPST traded down $0.07 during midday trading on Friday, reaching $2.43. 92,200 shares of the company’s stock were exchanged, compared to its average volume of 61,508. 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 stock has a market capitalization of $20.60 million, a PE ratio of -0.97 and a beta of 0.56. The business’s 50-day moving average price is $1.13 and its 200 day moving average price is $0.85. Capstone Turbine has a 1-year low of $1.88 and a 1-year high of $10.80.
Capstone Turbine (NASDAQ:CPST) last announced its earnings results on Thursday, August 8th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The business had revenue of $19.24 million for the quarter, compared to analyst estimates of $22.80 million. Capstone Turbine had a negative return on equity of 75.59% and a negative net margin of 21.30%. As a group, analysts expect that Capstone Turbine will post -1.75 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Cerity Partners LLC grew its holdings in shares of Capstone Turbine by 46.4% during the third quarter. Cerity Partners LLC now owns 138,334 shares of the industrial products company’s stock worth $71,000 after buying an additional 43,859 shares in the last quarter. Perkins Capital Management Inc. grew its holdings in Capstone Turbine by 59.6% in the third quarter. Perkins Capital Management Inc. now owns 2,189,900 shares of the industrial products company’s stock valued at $1,117,000 after purchasing an additional 818,000 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Capstone Turbine by 82.1% in the second quarter. Vanguard Group Inc. now owns 2,603,490 shares of the industrial products company’s stock valued at $2,048,000 after purchasing an additional 1,174,045 shares during the period.
About Capstone Turbine
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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