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 objective on shares of Capstone Turbine and gave the company a “buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $1.25.

NASDAQ CPST opened at $0.64 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.77 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $49.17 million, a price-to-earnings ratio of -2.56 and a beta of 0.65. Capstone Turbine has a one year low of $0.55 and a one year high of $1.24. The company has a fifty day simple moving average of $0.74.

Capstone Turbine (NASDAQ:CPST) last posted its quarterly earnings data on Tuesday, June 11th. The industrial products company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business 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%. Research analysts anticipate that Capstone Turbine will post -0.15 EPS for the current year.

Several large investors have recently modified their holdings of the company. Virtu Financial LLC boosted its holdings in 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 buying an additional 52,107 shares in the last quarter. GMT Capital Corp purchased a new stake in Capstone Turbine during the first quarter worth about $247,000. BlackRock Inc. boosted its holdings in 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 buying an additional 31,682 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in 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 buying an additional 25,529 shares in the last quarter. Finally, Perkins Capital Management Inc. boosted its holdings in 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 in the last quarter. 10.88% of the stock is currently owned by institutional investors and hedge funds.

Capstone Turbine Company Profile

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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