Westport Fuel Systems (NASDAQ:WPRT) Trading Down 1.4%

Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT)’s share price dropped 1.4% during mid-day trading on Tuesday . The stock traded as low as $2.91 and last traded at $2.88, approximately 11,256 shares were traded during trading. A decline of 98% from the average daily volume of 584,793 shares. The stock had previously closed at $2.92.

WPRT has been the topic of several recent analyst reports. Lake Street Capital upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research report on Friday, May 10th. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Cowen set a $4.00 price objective on shares of Westport Fuel Systems and gave the company a “hold” rating in a research report on Friday. Zacks Investment Research upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a research report on Monday, May 27th. Finally, ValuEngine upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Westport Fuel Systems currently has a consensus rating of “Buy” and a consensus target price of $4.44.

The stock has a 50-day simple moving average of $2.90. The firm has a market cap of $389.47 million, a P/E ratio of -9.23 and a beta of 1.67. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.09 and a current ratio of 1.52.



Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last announced its quarterly earnings results on Thursday, August 8th. The auto parts company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). Westport Fuel Systems had a negative net margin of 6.36% and a negative return on equity of 30.13%. The company had revenue of $82.40 million for the quarter, compared to analysts’ expectations of $73.60 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. Westport Fuel Systems’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts forecast that Westport Fuel Systems Inc will post -0.09 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in WPRT. Acadian Asset Management LLC bought a new stake in Westport Fuel Systems in the second quarter worth $26,000. Stonehearth Capital Management LLC bought a new stake in Westport Fuel Systems in the second quarter worth $28,000. Two Sigma Investments LP bought a new stake in Westport Fuel Systems in the fourth quarter worth $59,000. Oppenheimer & Co. Inc. increased 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 worth $220,000 after purchasing an additional 51,900 shares during the last quarter. Finally, Ardsley Advisory Partners LP bought a new stake in Westport Fuel Systems in the second quarter worth $272,000. Institutional investors own 20.72% 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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