Shares of Capstone Turbine Co. (NASDAQ:CPST) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.71. Capstone Turbine shares last traded at $0.70, with a volume of 400 shares trading hands.
A number of brokerages have commented on CPST. Zacks Investment Research upgraded shares of Capstone Turbine from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a research note on Friday, June 14th. Maxim Group restated a “buy” rating and set a $2.00 price target on shares of Capstone Turbine in a research note on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $1.50.
The firm has a market cap of $52.09 million, a price-to-earnings ratio of -2.76 and a beta of 0.65. The stock’s 50 day simple moving average is $0.77. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.77 and a current ratio of 2.50.
Several hedge funds and other institutional investors have recently bought and sold shares of CPST. Virtu Financial LLC lifted its holdings in Capstone Turbine by 77.5% during the first quarter. Virtu Financial LLC now owns 119,327 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 52,107 shares during the last quarter. GMT Capital Corp purchased a new stake in shares of Capstone Turbine in the first quarter worth about $247,000. BlackRock Inc. lifted its holdings in shares of Capstone Turbine by 6.5% in the fourth quarter. BlackRock Inc. now owns 520,703 shares of the industrial products company’s stock worth $312,000 after buying an additional 31,682 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Capstone Turbine by 5.6% in the first quarter. Wedbush Securities Inc. now owns 485,365 shares of the industrial products company’s stock worth $437,000 after buying an additional 25,529 shares in the last quarter. Finally, Perkins Capital Management Inc. lifted its holdings in shares of Capstone Turbine by 4.9% in the first quarter. Perkins Capital Management Inc. now owns 1,374,900 shares of the industrial products company’s stock worth $1,237,000 after buying an additional 63,757 shares in the last quarter. Hedge funds and other institutional investors own 11.08% of the company’s stock.
Capstone Turbine Company Profile (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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