Shares of Capstone Turbine Corporation (NASDAQ:CPST) reached a new 52-week low on Wednesday . The company traded as low as $0.60 and last traded at $0.60, with a volume of 334,305 shares traded. The stock had previously closed at $0.61.

A number of research firms recently weighed in on CPST. Zacks Investment Research raised shares of Capstone Turbine Corporation from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a research report on Tuesday, July 4th. HC Wainwright set a $2.00 price objective on shares of Capstone Turbine Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Roth Capital set a $1.00 target price on shares of Capstone Turbine Corporation and gave the stock a “hold” rating in a research report on Thursday, August 10th. Finally, ValuEngine lowered shares of Capstone Turbine Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd.

The company has a 50-day moving average price of $0.64 and a 200 day moving average price of $0.70. The company’s market cap is $25.97 million.

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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $19.20 million for the quarter, compared to the consensus estimate of $19.20 million. Capstone Turbine Corporation had a negative net margin of 30.38% and a negative return on equity of 116.84%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.17) EPS. On average, equities research analysts anticipate that Capstone Turbine Corporation will post ($0.26) EPS for the current year.

An institutional investor recently raised its position in Capstone Turbine Corporation stock. Wedbush Securities Inc. grew its stake in Capstone Turbine Corporation (NASDAQ:CPST) by 17.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 177,664 shares of the industrial products company’s stock after acquiring an additional 26,189 shares during the period. Wedbush Securities Inc. owned about 0.50% of Capstone Turbine Corporation worth $136,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 12.95% of the company’s stock.

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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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