Capstone Turbine Corporation (NASDAQ:CPST) Director Yon Jorden bought 30,000 shares of the stock in a transaction dated Monday, August 14th. The stock was purchased at an average cost of $0.68 per share, with a total value of $20,400.00. Following the completion of the purchase, the director now directly owns 59,540 shares in the company, valued at approximately $40,487.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Capstone Turbine Corporation (NASDAQ CPST) opened at 0.643 on Wednesday. Capstone Turbine Corporation has a 52 week low of $0.61 and a 52 week high of $1.97. The firm’s market capitalization is $27.40 million. The company’s 50 day moving average price is $0.67 and its 200-day moving average price is $0.71.

Capstone Turbine Corporation (NASDAQ:CPST) last posted its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. The business had revenue of $19.20 million during the quarter, compared to the consensus estimate of $19.20 million. Capstone Turbine Corporation had a negative return on equity of 116.84% and a negative net margin of 30.38%. Capstone Turbine Corporation’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.17) earnings per share. On average, equities research analysts expect that Capstone Turbine Corporation will post ($0.28) EPS for the current fiscal year.

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CPST has been the subject of several research reports. Zacks Investment Research cut Capstone Turbine Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. ValuEngine cut Capstone Turbine Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. HC Wainwright set a $2.00 target price on Capstone Turbine Corporation and gave the company a “buy” rating in a research note on Wednesday, June 14th. Finally, Roth Capital set a $1.00 target price on Capstone Turbine Corporation and gave the company a “hold” rating in a research note on Thursday, August 10th.

An institutional investor recently raised its position in Capstone Turbine Corporation stock. Wedbush Securities Inc. increased its position in shares of Capstone Turbine Corporation (NASDAQ:CPST) by 15.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,714 shares of the industrial products company’s stock after buying an additional 28,050 shares during the period. Wedbush Securities Inc. owned approximately 0.50% of Capstone Turbine Corporation worth $140,000 at the end of the most recent reporting period. 15.01% of the stock is owned by institutional investors and hedge funds.

Capstone Turbine Corporation Company Profile

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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