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

Capstone Turbine Co. (NASDAQ:CPST) shares hit a new 52-week low on Thursday . The company traded as low as $0.67 and last traded at $0.67, with a volume of 6171 shares changing hands. The stock had previously closed at $0.70.

A number of research analysts have commented on CPST shares. Zacks Investment Research cut Capstone Turbine from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. HC Wainwright set a $2.00 price objective on Capstone Turbine and gave the stock a “buy” rating in a research note on Friday, October 5th. Finally, ValuEngine upgraded Capstone Turbine from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $2.25.

The company has a market capitalization of $46.00 million, a P/E ratio of -3.41 and a beta of -0.13.

Capstone Turbine (NASDAQ:CPST) last issued its quarterly earnings data on Tuesday, November 6th. The industrial products company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.02). The company had revenue of $22.17 million for the quarter, compared to analyst estimates 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 forecast that Capstone Turbine Co. will post -0.24 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of CPST. HPM Partners LLC bought a new stake in Capstone Turbine in the second quarter valued at about $100,000. Jane Street Group LLC bought a new position in Capstone Turbine in the 3rd quarter worth approximately $109,000. Ancora Advisors LLC grew its holdings in Capstone Turbine by 150.0% in the 3rd quarter. Ancora Advisors LLC now owns 200,000 shares of the industrial products company’s stock worth $200,000 after buying an additional 120,000 shares in the last quarter. EAM Investors LLC bought a new position in Capstone Turbine in the 2nd quarter worth approximately $671,000. Finally, BlackRock Inc. grew its holdings in Capstone Turbine by 43.1% in the 2nd quarter. BlackRock Inc. now owns 493,758 shares of the industrial products company’s stock worth $706,000 after buying an additional 148,753 shares in the last quarter. Institutional investors own 13.07% of the company’s stock.

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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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