Westport Fuel Systems Inc. (NASDAQ:WPRT - Get Free Report) TSE: WPRT's share price 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 traded.
Analyst Ratings Changes
WPRT has been the subject of several recent analyst reports. Wall Street Zen started coverage on Westport Fuel Systems in a report on Friday, May 16th. They issued a "hold" rating for the company. HC Wainwright dropped their target price on shares of 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. Royal Bank Of Canada dropped their price target on Westport Fuel Systems from $8.00 to $4.00 and set a "sector perform" rating for the company in a report on Tuesday, April 1st. Finally, Cormark cut their price target on Westport Fuel Systems from $11.50 to $10.80 in a report on Tuesday, April 1st.
Read Our Latest Analysis on Westport Fuel Systems
Westport Fuel Systems Price Performance
The stock has a market capitalization of $69.40 million, a P/E ratio of -6.45 and a beta of 2.91. The company's 50 day simple moving average is $3.06 and its two-hundred day simple moving average is $3.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 0.94.
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) earnings per share for the quarter, beating the consensus estimate of ($0.47) by $0.33. The company had revenue of $70.96 million during the quarter, compared to analyst estimates of $70.96 million. Westport Fuel Systems had a negative net margin of 3.52% and a negative return on equity of 16.59%. As a group, equities analysts expect that Westport Fuel Systems Inc. will post -1.69 EPS for the current fiscal year.
Hedge Funds Weigh In On Westport Fuel Systems
Hedge funds and other institutional investors have recently made changes to their positions in the business. Baird Financial Group Inc. lifted its position in shares of Westport Fuel Systems by 4.1% in the first quarter. Baird Financial Group Inc. now owns 954,186 shares of the auto parts company's stock worth $3,540,000 after purchasing an additional 38,018 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of Westport Fuel Systems during the 1st quarter worth $1,371,000. Wealthquest Corp bought a new stake in shares of Westport Fuel Systems during the first quarter valued at about $925,000. Millennium Management LLC purchased a new position in shares of Westport Fuel Systems during the fourth quarter worth about $149,000. Finally, TD Waterhouse Canada Inc. lifted its position 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 buying an additional 15,715 shares during the last quarter. Institutional investors and hedge funds own 21.30% of the company's stock.
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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