Westport Fuel Systems (NASDAQ:WPRT) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

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.

Shares of Westport Fuel Systems Inc. (NASDAQ:WPRT - Get Free Report) TSE: WPRT passed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on Westport Fuel Systems in a research note on Friday, May 16th. They issued a "hold" rating for the company.

Westport Fuel Systems Stock Performance

The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $3.36 and a 200-day moving average price of $3.46. The firm has a market capitalization of $62.64 million, a price-to-earnings ratio of -5.82 and a beta of 2.88.

Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT last issued its quarterly earnings data on Monday, August 11th. The auto parts company reported ($0.29) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.29). 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 earnings per share for the current year.

Institutional Investors Weigh In On Westport Fuel Systems

Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new stake in Westport Fuel Systems in the first quarter worth approximately $40,000. Virtu Financial LLC acquired a new stake in Westport Fuel Systems in the first quarter worth approximately $41,000. TD Waterhouse Canada Inc. lifted its position in Westport Fuel Systems by 2,384.7% in the fourth 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 during the period. Millennium Management LLC acquired a new stake in Westport Fuel Systems in the fourth quarter worth approximately $149,000. Finally, Wealthquest Corp acquired 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 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.