Westport Fuel Systems (NASDAQ:WPRT) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Westport Fuel Systems Inc. (NASDAQ:WPRT - Get Free Report) TSE: WPRT's share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WPRT shares. Wall Street Zen started coverage on Westport Fuel Systems in a report on Friday, May 16th. They issued a "hold" rating on the stock. Cormark reduced their target price on Westport Fuel Systems from $11.50 to $10.80 in a report on Tuesday, April 1st. HC Wainwright dropped their price target on Westport Fuel Systems from $22.00 to $7.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Royal Bank Of Canada dropped their price target on Westport Fuel Systems from $8.00 to $4.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 1st.

Westport Fuel Systems Price Performance

The stock has a market cap of $66.19 million, a price-to-earnings ratio of -6.15 and a beta of 2.91. The company has a 50-day simple moving average of $3.21 and a two-hundred day simple moving average of $3.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.94 and a current ratio of 1.49.

Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT last issued its earnings results on Tuesday, May 13th. The auto parts company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.47) by $0.33. The company had revenue of $70.96 million during the quarter, compared to the consensus estimate of $70.96 million. Westport Fuel Systems had a negative return on equity of 16.59% and a negative net margin of 3.52%. As a group, equities research analysts forecast that Westport Fuel Systems Inc. will post -1.69 EPS for the current year.

Institutional Trading of Westport Fuel Systems

A number of institutional investors have recently modified their holdings of WPRT. TD Waterhouse Canada Inc. increased its holdings in Westport Fuel Systems by 2,384.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 16,374 shares of the auto parts company's stock worth $57,000 after purchasing an additional 15,715 shares in the last quarter. Baird Financial Group Inc. increased its holdings in Westport Fuel Systems by 34.6% in the 4th quarter. Baird Financial Group Inc. now owns 916,168 shares of the auto parts company's stock worth $3,280,000 after purchasing an additional 235,610 shares in the last quarter. Millennium Management LLC acquired a new position in Westport Fuel Systems in the 4th quarter worth about $149,000. Parallel Advisors LLC bought a new stake in shares of Westport Fuel Systems in the 1st quarter valued at about $40,000. Finally, Wealthquest Corp bought a new stake in shares of Westport Fuel Systems in the 1st quarter valued at about $925,000. 21.30% of the stock is currently owned by institutional investors.

Westport Fuel Systems Company Profile

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.