Westport Fuel Systems (NASDAQ:WPRT) Stock Price Passes Above 200 Day Moving Average - What's Next?

Shares of Westport Fuel Systems Inc. (NASDAQ:WPRT - Get Free Report) TSE: WPRT passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.48 and traded as high as $4.00. Westport Fuel Systems shares last traded at $3.93, with a volume of 22,051 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WPRT shares. Wall Street Zen initiated coverage on Westport Fuel Systems in a report on Friday, May 16th. They set a "hold" rating for the company. Royal Bank Of Canada cut their target price 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. HC Wainwright lowered their price objective on Westport Fuel Systems from $22.00 to $7.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Cormark decreased their price target on Westport Fuel Systems from $11.50 to $10.80 in a research report on Tuesday, April 1st.

Westport Fuel Systems Trading Up 1.3%

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 firm has a market cap of $69.75 million, a P/E ratio of -6.48 and a beta of 2.91. The company's 50 day simple moving average is $3.17 and its 200-day simple moving average is $3.48.

Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT last released its quarterly earnings data 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 net margin of 3.52% and a negative return on equity of 16.59%. The company had revenue of $70.96 million during the quarter, compared to the consensus estimate of $70.96 million. As a group, research analysts predict that Westport Fuel Systems Inc. will post -1.69 earnings per share for the current fiscal year.

Institutional Trading of Westport Fuel Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealthquest Corp acquired a new position in Westport Fuel Systems during the 1st quarter valued at $925,000. Millennium Management LLC bought a new stake in Westport Fuel Systems during the fourth quarter worth about $149,000. Parallel Advisors LLC acquired a new position in shares of Westport Fuel Systems in the first quarter valued at approximately $40,000. Baird Financial Group Inc. increased its position in Westport Fuel Systems by 34.6% during the 4th quarter. Baird Financial Group Inc. now owns 916,168 shares of the auto parts company's stock valued at $3,280,000 after purchasing an additional 235,610 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of 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. 21.30% of the stock is currently owned by institutional investors.

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.