Westport Fuel Systems (NASDAQ:WPRT) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Westport Fuel Systems' stock passed its 200-day moving average on Friday, trading as high as $3.87 before closing at $3.82.
• Wall Street analysts have issued a "hold" rating on the stock, which has a negative P/E ratio of -6.16 and a market cap of $66.28 million.
• The company reported an EPS of ($0.14) for the last quarter, exceeding analysts' expectations, and revenues matched forecasts at $70.96 million.

Westport Fuel Systems Inc. (NASDAQ:WPRT - Get Free Report) TSE: WPRT's share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.48 and traded as high as $3.87. Westport Fuel Systems shares last traded at $3.82, with a volume of 14,431 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Royal Bank Of Canada reduced their target price on shares of Westport Fuel Systems from $4.00 to $3.00 and set a "sector perform" rating for the company in a research note on Wednesday. Wall Street Zen assumed coverage on shares of Westport Fuel Systems in a research note on Friday, May 16th. They issued a "hold" rating for the company. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $7.00 price target on shares of Westport Fuel Systems in a research note on Wednesday.

Westport Fuel Systems Trading Down 1.2%

The business's 50 day moving average price is $3.37 and its two-hundred day moving average price is $3.46. The company has a market capitalization of $57.43 million, a price-to-earnings ratio of -1.13 and a beta of 2.88. 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 quarterly earnings results on Monday, August 11th. The auto parts company reported ($0.29) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.29). Westport Fuel Systems had a negative net margin of 16.85% and a negative return on equity of 15.19%. The company had revenue of $12.50 million during the quarter, compared to analyst estimates of $75.49 million. Equities analysts forecast that Westport Fuel Systems Inc. will post -1.69 earnings per share for the current fiscal year.

Institutional Trading of Westport Fuel Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC acquired a new stake in Westport Fuel Systems during the first quarter valued at approximately $40,000. Virtu Financial LLC acquired a new stake in Westport Fuel Systems during the first quarter valued at approximately $41,000. TD Waterhouse Canada Inc. raised its holdings 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 valued at $57,000 after acquiring an additional 15,715 shares during the period. Baird Financial Group Inc. raised its holdings in shares of Westport Fuel Systems by 4.1% during the first quarter. Baird Financial Group Inc. now owns 954,186 shares of the auto parts company's stock valued at $3,540,000 after acquiring an additional 38,018 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Westport Fuel Systems during the fourth quarter valued at approximately $149,000. 21.30% of the stock is owned by institutional investors and hedge funds.

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.