Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) rose 0.4% on Thursday . The company traded as high as $2.64 and last traded at $2.62. Approximately 25,211 shares changed hands during trading, a decline of 96% from the average daily volume of 676,073 shares. The stock had previously closed at $2.61.
WPRT has been the subject of a number of recent analyst reports. Lake Street Capital upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Friday, May 10th. HC Wainwright restated a “buy” rating and set a $6.00 price objective on shares of Westport Fuel Systems in a research note on Wednesday, March 20th. ValuEngine upgraded Westport Fuel Systems from a “sell” rating to a “hold” rating in a research note on Monday. Cowen set a $3.00 price objective on Westport Fuel Systems and gave the company a “hold” rating in a research note on Friday, May 10th. Finally, BidaskClub upgraded Westport Fuel Systems from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $4.25.
The stock has a market capitalization of $318.78 million, a P/E ratio of -8.61 and a beta of 2.65. The company has a quick ratio of 1.09, a current ratio of 1.52 and a debt-to-equity ratio of 0.67.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its earnings results on Thursday, May 9th. The auto parts company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. The company had revenue of $73.19 million during the quarter, compared to analyst estimates of $67.23 million. Westport Fuel Systems had a negative return on equity of 33.07% and a negative net margin of 7.25%. On average, research analysts expect that Westport Fuel Systems Inc will post -0.13 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Investments LP acquired a new stake in shares of Westport Fuel Systems in the fourth quarter worth about $59,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Westport Fuel Systems in the fourth quarter valued at approximately $60,000. Two Sigma Securities LLC acquired a new stake in shares of Westport Fuel Systems in the fourth quarter valued at approximately $62,000. Virtu Financial LLC raised its position in shares of Westport Fuel Systems by 358.6% in the fourth quarter. Virtu Financial LLC now owns 84,334 shares of the auto parts company’s stock valued at $112,000 after buying an additional 65,944 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Westport Fuel Systems by 49.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 89,300 shares of the auto parts company’s stock valued at $118,000 after buying an additional 29,400 shares in the last quarter. Institutional investors own 26.04% 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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