Westport Fuel Systems (TSE:WPRT) Stock Passes Below 50-Day Moving Average – Here’s Why

Westport Fuel Systems Inc. (TSE:WPRT) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$2.78 and traded as low as C$2.50. Westport Fuel Systems shares last traded at C$2.61, with a volume of 3,938 shares changing hands.

Westport Fuel Systems Price Performance

The stock’s 50 day moving average is C$2.78 and its two-hundred day moving average is C$2.76. The stock has a market capitalization of C$49.58 million, a PE ratio of -0.70, a price-to-earnings-growth ratio of -0.12 and a beta of 2.16. The company has a debt-to-equity ratio of 5.83, a current ratio of 1.70 and a quick ratio of 1.54.

Westport Fuel Systems (TSE:WPRT) last announced its quarterly earnings data on Thursday, May 14th. The company reported C($0.46) EPS for the quarter. The firm had revenue of C$3.18 million during the quarter. Westport Fuel Systems had a negative net margin of 344.16% and a negative return on equity of 78.42%. As a group, sell-side analysts forecast that Westport Fuel Systems Inc. will post -0.25 earnings per share for the current fiscal year.

About Westport Fuel Systems

Westport is a technology and innovation company connecting synergistic technologies to power a cleaner tomorrow. As a leading supplier of affordable, alternative fuel, low-emissions transportation technologies, we design, manufacture, and supply advanced components and systems that enable the transition from traditional fuels to cleaner energy solutions. Our proven technologies support a wide range of clean fuels – including natural gas, renewable natural gas, and hydrogen – empowering OEMs and commercial transportation industries to meet performance demands, regulatory requirements, and climate targets in a cost-effective way.