Capstone Turbine Co. (NASDAQ:CPST)’s share price was up 6.6% during trading on Thursday . The stock traded as high as $0.81 and last traded at $0.81. Approximately 1,444,400 shares were traded during trading, an increase of 17% from the average daily volume of 1,233,471 shares. The stock had previously closed at $0.76.

Several equities analysts recently commented on CPST shares. HC Wainwright set a $2.00 price target on shares of Capstone Turbine and gave the stock a “buy” rating in a research report on Wednesday, October 11th. CIBC raised shares of Capstone Turbine from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 4th. Roth Capital set a $2.00 price target on shares of Capstone Turbine and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Oppenheimer raised shares of Capstone Turbine from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 4th. One 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 company has an average rating of “Buy” and a consensus target price of $1.58.

The firm has a market cap of $37.86, a P/E ratio of -1.34 and a beta of 0.88.

Capstone Turbine (NASDAQ:CPST) last released its quarterly earnings data on Thursday, November 2nd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Capstone Turbine had a negative return on equity of 120.37% and a negative net margin of 25.94%. The business had revenue of $19.80 million for the quarter, compared to analysts’ expectations of $20.23 million. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. Capstone Turbine’s quarterly revenue was up 32.0% compared to the same quarter last year. analysts forecast that Capstone Turbine Co. will post -0.27 EPS for the current year.

A hedge fund recently bought a new stake in Capstone Turbine stock. GMT Capital Corp acquired a new position in shares of Capstone Turbine Co. (NASDAQ:CPST) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 274,742 shares of the industrial products company’s stock, valued at approximately $191,000. GMT Capital Corp owned 0.59% of Capstone Turbine as of its most recent SEC filing. 10.02% of the stock is owned by institutional investors and hedge funds.

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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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