Capstone Turbine Corporation (NASDAQ:CPST) shares were up 13% during trading on Monday . The company traded as high as $0.82 and last traded at $0.78. Approximately 1,555,208 shares traded hands during trading, an increase of 745% from the average daily volume of 184,131 shares. The stock had previously closed at $0.69.

CPST has been the topic of several research analyst reports. HC Wainwright set a $2.00 target price on shares of Capstone Turbine Corporation and gave the stock a “buy” rating in a research report on Thursday, August 10th. Roth Capital set a $1.00 target price on shares of Capstone Turbine Corporation and gave the company a “hold” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of Capstone Turbine Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th.

The stock’s market capitalization is $29.86 million. The company has a 50 day moving average price of $0.63 and a 200-day moving average price of $0.68.

Capstone Turbine Corporation (NASDAQ:CPST) last issued its earnings results on Wednesday, August 9th. The industrial products company reported ($0.10) EPS for the quarter, topping 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 business had revenue of $19.20 million during the quarter, compared to analysts’ expectations of $19.20 million. During the same quarter last year, the firm posted ($0.17) earnings per share. Capstone Turbine Corporation’s revenue was up .5% compared to the same quarter last year. Analysts predict that Capstone Turbine Corporation will post ($0.23) earnings per share for the current year.

A hedge fund recently raised its stake in Capstone Turbine Corporation stock. Wedbush Securities Inc. boosted its holdings in shares of Capstone Turbine Corporation (NASDAQ:CPST) by 15.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 205,714 shares of the industrial products company’s stock after acquiring an additional 28,050 shares during the quarter. Wedbush Securities Inc. owned 0.50% of Capstone Turbine Corporation worth $140,000 at the end of the most recent quarter. 13.45% of the stock is currently owned by institutional investors and hedge funds.

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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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