Capstone Turbine (NASDAQ:CPST) Stock Rating Lowered by Maxim Group

Capstone Turbine (NASDAQ:CPST) was downgraded by investment analysts at Maxim Group from a “buy” rating to a “hold” rating in a research report issued on Tuesday, The Fly reports.

Separately, Zacks Investment Research downgraded Capstone Turbine from a “hold” rating to a “sell” rating in a research report on Tuesday, June 23rd.

CPST traded up $0.10 during trading on Tuesday, reaching $2.60. The stock had a trading volume of 3,834 shares, compared to its average volume of 134,373. The firm has a market capitalization of $23.25 million, a price-to-earnings ratio of -1.07 and a beta of 1.81. The company has a quick ratio of 1.43, a current ratio of 2.17 and a debt-to-equity ratio of 2.01. Capstone Turbine has a 1-year low of $1.00 and a 1-year high of $8.50. The stock has a 50 day moving average of $2.52 and a two-hundred day moving average of $2.37.

Capstone Turbine (NASDAQ:CPST) last released its earnings results on Monday, June 29th. The industrial products company reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.20). Capstone Turbine had a negative return on equity of 96.84% and a negative net margin of 23.81%. On average, research analysts forecast that Capstone Turbine will post -2.54 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Capstone Turbine stock. Ieq Capital LLC bought a new stake in Capstone Turbine Co. (NASDAQ:CPST) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,742 shares of the industrial products company’s stock, valued at approximately $45,000. Ieq Capital LLC owned approximately 0.16% of Capstone Turbine as of its most recent SEC filing. Institutional investors own 8.99% of the company’s stock.

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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