Shares of Capstone Turbine Corporation (NASDAQ:CPST) saw an uptick in trading volume on Monday . 1,330,241 shares were traded during trading, an increase of 741% from the previous session’s volume of 158,136 shares.The stock last traded at $0.60 and had previously closed at $0.59.

A number of research firms have issued reports on CPST. Zacks Investment Research cut Capstone Turbine Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. HC Wainwright set a $2.00 price target on Capstone Turbine Corporation and gave the stock a “buy” rating in a report on Tuesday, July 18th. ValuEngine cut Capstone Turbine Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Finally, Roth Capital set a $1.00 price target on Capstone Turbine Corporation and gave the stock a “hold” rating in a report on Thursday, August 10th.

The firm’s market cap is $25.36 million. The stock has a 50-day moving average price of $0.63 and a 200-day moving average price of $0.69.

Capstone Turbine Corporation (NASDAQ:CPST) last released its quarterly earnings results on Wednesday, August 9th. The industrial products company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. Capstone Turbine Corporation had a negative return on equity of 116.84% and a negative net margin of 30.38%. The company had revenue of $19.20 million for the quarter, compared to analyst estimates of $19.20 million. During the same period in the previous year, the company posted ($0.17) earnings per share. The firm’s revenue was up .5% on a year-over-year basis. On average, equities analysts anticipate that Capstone Turbine Corporation will post ($0.26) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Capstone Turbine Corporation stock. Wedbush Securities Inc. lifted its position in shares of Capstone Turbine Corporation (NASDAQ:CPST) by 15.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 205,714 shares of the industrial products company’s stock after purchasing an additional 28,050 shares during the quarter. Wedbush Securities Inc. owned about 0.50% of Capstone Turbine Corporation worth $140,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 12.95% of the company’s stock.

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About Capstone Turbine Corporation

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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