WPRT has been the topic of several other research reports. ValuEngine downgraded Westport Fuel Systems from a hold rating to a sell rating in a research report on Wednesday, November 20th. Zacks Investment Research upgraded Westport Fuel Systems from a sell rating to a hold rating and set a $3.00 price target for the company in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Westport Fuel Systems currently has an average rating of Hold and a consensus target price of $4.50.
Shares of Westport Fuel Systems stock traded up $0.01 during trading on Tuesday, reaching $2.76. 9,694 shares of the company were exchanged, compared to its average volume of 394,050. The business has a 50-day moving average price of $2.48 and a 200-day moving average price of $2.69. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $366.09 million, a price-to-earnings ratio of -8.90 and a beta of 1.75. Westport Fuel Systems has a twelve month low of $1.17 and a twelve month high of $3.39.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last announced its quarterly earnings results on Thursday, November 7th. The auto parts company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The firm had revenue of $75.40 million for the quarter, compared to the consensus estimate of $72.63 million. Westport Fuel Systems had a negative return on equity of 19.32% and a negative net margin of 3.37%. On average, equities research analysts forecast that Westport Fuel Systems will post 0.01 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC grew its stake in shares of Westport Fuel Systems by 391.3% during the third quarter. Millennium Management LLC now owns 701,982 shares of the auto parts company’s stock worth $1,909,000 after purchasing an additional 942,982 shares during the period. Pembroke Management LTD lifted its position in Westport Fuel Systems by 11.1% during the third quarter. Pembroke Management LTD now owns 6,286,200 shares of the auto parts company’s stock valued at $22,505,000 after purchasing an additional 628,250 shares during the period. D. E. Shaw & Co. Inc. lifted its position in Westport Fuel Systems by 237.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 537,803 shares of the auto parts company’s stock valued at $1,457,000 after purchasing an additional 378,487 shares during the period. Renaissance Technologies LLC lifted its position in Westport Fuel Systems by 18.7% during the second quarter. Renaissance Technologies LLC now owns 1,622,320 shares of the auto parts company’s stock valued at $4,396,000 after purchasing an additional 255,900 shares during the period. Finally, ClariVest Asset Management LLC bought a new position in Westport Fuel Systems during the second quarter valued at approximately $415,000. Hedge funds and other institutional investors own 23.76% of the company’s stock.
About Westport Fuel Systems
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.
Recommended Story: What is the outlook for the FAANG stocks?
Receive News & Ratings for Westport Fuel Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westport Fuel Systems and related companies with MarketBeat.com's FREE daily email newsletter.