Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) rose 6% during mid-day trading on Monday . The stock traded as high as $2.85 and last traded at $2.83, approximately 31,610 shares were traded during trading. A decline of 95% from the average daily volume of 674,826 shares. The stock had previously closed at $2.67.
WPRT has been the topic of several analyst reports. Cowen set a $4.00 price target on shares of Westport Fuel Systems and gave the stock a “hold” rating in a research report on Friday, August 9th. BidaskClub lowered shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Zacks Investment Research upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Friday, August 16th. Lake Street Capital upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Friday, May 10th. Finally, ValuEngine upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Westport Fuel Systems presently has a consensus rating of “Buy” and an average price target of $4.50.
The company has a debt-to-equity ratio of 0.65, a current ratio of 1.41 and a quick ratio of 1.04. The stock has a market cap of $385.47 million, a price-to-earnings ratio of -9.32 and a beta of 1.67. The business’s 50-day simple moving average is $2.90 and its two-hundred day simple moving average is $2.17.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its earnings results on Thursday, August 8th. The auto parts company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). Westport Fuel Systems had a negative net margin of 6.36% and a negative return on equity of 30.62%. The firm had revenue of $82.40 million for the quarter, compared to analyst estimates of $73.60 million. During the same quarter last year, the business posted ($0.04) earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts forecast that Westport Fuel Systems Inc will post -0.09 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC acquired a new stake in Westport Fuel Systems in the second quarter valued at approximately $26,000. Stonehearth Capital Management LLC acquired a new stake in Westport Fuel Systems in the second quarter valued at approximately $28,000. A.R.T. Advisors LLC acquired a new stake in Westport Fuel Systems in the second quarter valued at approximately $40,000. Ardsley Advisory Partners LP acquired a new stake in Westport Fuel Systems in the second quarter valued at approximately $272,000. Finally, Oppenheimer & Co. Inc. boosted its position in Westport Fuel Systems by 58.1% in the first quarter. Oppenheimer & Co. Inc. now owns 141,200 shares of the auto parts company’s stock valued at $220,000 after buying an additional 51,900 shares in the last quarter. Hedge funds and other institutional investors own 20.56% of the company’s stock.
Westport Fuel Systems Company Profile (NASDAQ:WPRT)
Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation application worldwide. It operates through Transportation and Cummins Westport Inc (CWI) Joint Venture segments. The company offers fuel systems and components a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, original equipment manufacturers (OEMs) and delayed OEMs, electronics, current and advanced research and development programs, supply chain, and product planning activities.
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