Capstone Turbine (NASDAQ:CPST) Rating Lowered to Strong Sell at Zacks Investment Research

Capstone Turbine (NASDAQ:CPST) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “Capstone Turbine Corp. develops, designs, assembles and sells Capstone MicroTurbines. Capstone MicroTurbines provide power at the site of consumption and to hybrid electric vehicles that combine a primary source battery with an auxiliary power source, such as a microturbine, to enhance performance. The Capstone MicroTurbine combines sophisticated design, engineering and technology to produce a reliable and flexible generator of electricity and heat for commercial and industrial applications. “

Separately, Maxim Group set a $1.00 price target on shares of Capstone Turbine and gave the stock a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $1.25.

NASDAQ CPST traded down $0.01 during trading hours on Tuesday, reaching $0.66. The company had a trading volume of 291,337 shares, compared to its average volume of 311,235. The firm has a 50-day moving average price of $0.75. Capstone Turbine has a 1-year low of $0.55 and a 1-year high of $1.25. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.50 and a quick ratio of 1.77. The company has a market capitalization of $49.14 million, a PE ratio of -2.65 and a beta of 0.65.

Capstone Turbine (NASDAQ:CPST) last posted its earnings results on Tuesday, June 11th. The industrial products company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.02). The company had revenue of $22.02 million during the quarter, compared to analyst estimates of $20.97 million. Capstone Turbine had a negative net margin of 19.97% and a negative return on equity of 67.42%. As a group, research analysts forecast that Capstone Turbine will post -0.1 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Wedbush Securities Inc. lifted its position in shares of Capstone Turbine by 5.6% during the first quarter. Wedbush Securities Inc. now owns 485,365 shares of the industrial products company’s stock worth $437,000 after purchasing an additional 25,529 shares in the last quarter. BlackRock Inc. lifted its position in shares of Capstone Turbine by 6.5% during the fourth quarter. BlackRock Inc. now owns 520,703 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 31,682 shares in the last quarter. Virtu Financial LLC lifted its position in shares of Capstone Turbine by 77.5% during the first quarter. Virtu Financial LLC now owns 119,327 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 52,107 shares in the last quarter. Perkins Capital Management Inc. increased its stake 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 buying an additional 63,757 shares during the period. Finally, GMT Capital Corp purchased a new stake in shares of Capstone Turbine during the first quarter worth approximately $247,000. 10.88% of the stock is currently owned by institutional investors and hedge funds.

About Capstone Turbine

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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