Capstone Turbine Corporation (CPST) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the industrial goods sector halfway through the trading day. At the lunch break, shares of CPST have fallen 3.16% to $1.38 after closing the day prior at $1.43. So far, the stock has traded as high as $1.43 and as low as $1.38. Today’s decline has come with about 66,205 shares changing hands, compared to an average 30-day volume of 447,618 for Capstone Turbine Corporation. The price is currently below the 30-day volume weighted average price of $1.4 for CPST.
The share depreciation gives the company a market capitalization of $43.08 million based upon 30.13 million shares outstanding. It also means that CPST has a price-to-book ratio of 1.28:1.
In the past 52 weeks, shares of CPST have traded as low as $1.0 and as high as $7.5. Technical traders will take note that at $1.38, shares of CPST are trading below their 200-day MA at $1.44 and below their 50-day MA at $1.52. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is CPST?
Capstone Turbine Corp develops, manufactures, markets and services microturbine technology solutions used in stationary distributed power generation applications, including cogeneration, renewable energy, natural resources and critical power supply. The company’s 191 employees are led by CEO Darren R. Jamison from the corporate headquarters at 21211 Nordhoff Street in Chatsworth, CA.
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