Westport Fuel Systems Inc. (NASDAQ:WPRT - Get Free Report) TSE: WPRT's stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.48 and traded as high as $4.02. Westport Fuel Systems shares last traded at $3.85, with a volume of 30,096 shares trading hands.
Wall Street Analyst Weigh In
Several research firms recently weighed in on WPRT. HC Wainwright reduced their price objective on Westport Fuel Systems from $22.00 to $7.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen began coverage on Westport Fuel Systems in a research note on Friday, May 16th. They issued a "hold" rating on the stock.
Read Our Latest Stock Analysis on WPRT
Westport Fuel Systems Stock Down 1.6%
The stock has a 50 day moving average price of $3.26 and a 200 day moving average price of $3.48. The stock has a market capitalization of $63.50 million, a price-to-earnings ratio of -5.90 and a beta of 2.91. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.13.
Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT last announced its quarterly earnings results on Tuesday, May 13th. The auto parts company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.47) by $0.33. Westport Fuel Systems had a negative return on equity of 16.59% and a negative net margin of 3.52%. The firm had revenue of $70.96 million for the quarter, compared to analyst estimates of $70.96 million. As a group, analysts forecast that Westport Fuel Systems Inc. will post -1.69 EPS for the current year.
Hedge Funds Weigh In On Westport Fuel Systems
A number of hedge funds have recently made changes to their positions in WPRT. Parallel Advisors LLC bought a new position in shares of Westport Fuel Systems during the first quarter worth about $40,000. Virtu Financial LLC bought a new position in shares of Westport Fuel Systems during the first quarter worth about $41,000. TD Waterhouse Canada Inc. raised its position in shares of Westport Fuel Systems by 2,384.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 16,374 shares of the auto parts company's stock worth $57,000 after acquiring an additional 15,715 shares during the last quarter. Millennium Management LLC bought a new position in shares of Westport Fuel Systems during the fourth quarter worth about $149,000. Finally, Wealthquest Corp bought a new stake in Westport Fuel Systems in the first quarter worth approximately $925,000. 21.30% of the stock is currently owned by institutional investors.
About Westport Fuel Systems
(
Get Free Report)
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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