Capstone Green Energy (NASDAQ:CGRN) Trading Down 1.3%

Capstone Green Energy Co. (NASDAQ:CGRN – Get Rating)’s share price dropped 1.3% on Friday . The stock traded as low as $1.54 and last traded at $1.56. Approximately 68,016 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 75,139 shares. The stock had previously closed at $1.58.

Capstone Green Energy Stock Down 1.3 %

The firm’s 50-day simple moving average is $1.85 and its 200-day simple moving average is $1.82. The company has a debt-to-equity ratio of 10.12, a quick ratio of 0.42 and a current ratio of 0.70.

Capstone Green Energy (NASDAQ:CGRN – Get Rating) last released its earnings results on Monday, February 13th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.10). Capstone Green Energy had a negative net margin of 25.51% and a negative return on equity of 472.13%. The company had revenue of $19.61 million during the quarter, compared to the consensus estimate of $22.20 million. Sell-side analysts predict that Capstone Green Energy Co. will post -0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Worth Venture Partners LLC bought a new stake in Capstone Green Energy in the 3rd quarter worth $396,000. Sargent Investment Group LLC grew its stake in shares of Capstone Green Energy by 46.3% in the third quarter. Sargent Investment Group LLC now owns 321,690 shares of the company’s stock worth $553,000 after purchasing an additional 101,740 shares during the last quarter. Millennium Management LLC increased its holdings in Capstone Green Energy by 194.5% during the 4th quarter. Millennium Management LLC now owns 127,989 shares of the company’s stock valued at $186,000 after purchasing an additional 84,526 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in Capstone Green Energy during the 1st quarter valued at approximately $304,000. Finally, Baird Financial Group Inc. lifted its holdings in Capstone Green Energy by 10.7% in the 1st quarter. Baird Financial Group Inc. now owns 546,447 shares of the company’s stock worth $2,251,000 after buying an additional 53,020 shares during the period. 21.20% of the stock is owned by hedge funds and other institutional investors.

Capstone Green Energy Company Profile

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Capstone Green Energy Corp. engages in the development, manufacture, marketing, and service of microturbine technology solutions. It targets vertical markets worldwide such as natural resources, energy efficiency, renewable energy, critical power supply, transportation, and microgrids. The firm’s products generate electric power output for commercial, industrial, and utility purposes.