Capstone Turbine Co. (NASDAQ:CPST)’s share price shot up 7.7% on Monday . The stock traded as high as $0.70 and last traded at $0.70, 329,906 shares changed hands during mid-day trading. An increase of 6% from the average session volume of 311,461 shares. The stock had previously closed at $0.65.

Several brokerages recently weighed in on CPST. Maxim Group set a $1.00 price target on Capstone Turbine and gave the company a “buy” rating in a research note on Friday, August 9th. Zacks Investment Research lowered Capstone Turbine from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Capstone Turbine currently has an average rating of “Hold” and a consensus target price of $1.25.

The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.77 and a current ratio of 2.30. The company has a 50 day moving average of $0.73 and a two-hundred day moving average of $0.83. The stock has a market cap of $49.94 million, a PE ratio of -2.80 and a beta of 0.65.

Capstone Turbine (NASDAQ:CPST) last announced its quarterly earnings results on Tuesday, June 11th. The industrial products company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.02). Capstone Turbine had a negative net margin of 21.30% and a negative return on equity of 75.59%. The business had revenue of $22.02 million during the quarter, compared to analysts’ expectations of $20.97 million. As a group, equities research analysts anticipate that Capstone Turbine Co. will post -0.15 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC boosted its holdings in Capstone Turbine by 77.5% in the 1st quarter. Virtu Financial LLC now owns 119,327 shares of the industrial products company’s stock worth $107,000 after buying an additional 52,107 shares during the last quarter. GMT Capital Corp acquired a new stake in shares of Capstone Turbine in the first quarter worth approximately $247,000. Wedbush Securities Inc. boosted its stake 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 acquiring an additional 25,529 shares during the last quarter. BlackRock Inc. boosted its stake 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 acquiring an additional 31,682 shares during the last quarter. Finally, Perkins Capital Management Inc. increased its position in shares of Capstone Turbine by 4.9% during 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 purchasing an additional 63,757 shares in the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

About Capstone Turbine (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.

See Also: Technical Analysis

Receive News & Ratings for Capstone Turbine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstone Turbine and related companies with MarketBeat.com's FREE daily email newsletter.