Westport Fuel Systems (NASDAQ:WPRT) Releases Earnings Results, Hits Estimates

Key Points

• Westport Fuel Systems reported an EPS of ($0.29) for the quarter, meeting analysts' estimates.
• The company's stock is trading down 5.5%, with a current price of $3.61 and a market capitalization of $62.63 million.
• Analysts at Wall Street Zen have initiated coverage with a "hold" rating on Westport Fuel Systems' shares.

Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT released its quarterly earnings data on Monday. The auto parts company reported ($0.29) EPS for the quarter, meeting analysts' consensus estimates of ($0.29), Zacks reports. Westport Fuel Systems had a negative net margin of 3.52% and a negative return on equity of 16.59%.

Westport Fuel Systems Trading Down 5.5%

NASDAQ:WPRT traded down $0.21 during trading hours on Monday, hitting $3.61. The company had a trading volume of 73,592 shares, compared to its average volume of 24,802. The company has a market capitalization of $62.63 million, a PE ratio of -5.82 and a beta of 2.88. The stock has a 50-day moving average price of $3.36 and a 200 day moving average price of $3.46. Westport Fuel Systems has a 52 week low of $2.50 and a 52 week high of $6.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 0.94.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on shares of Westport Fuel Systems in a research note on Friday, May 16th. They set a "hold" rating on the stock.

About Westport Fuel Systems

Westport Fuel Systems Inc engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications in Europe, Asia, North America, South America, and internationally. The company operates through two segments, Original Equipment Manufacturers and Independent Aftermarket.

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