Westport Fuel Systems (NASDAQ:WPRT) Posts Quarterly Earnings Results, Beats Expectations By $0.29 EPS

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) announced its quarterly earnings data on Monday. The auto parts company reported ($0.60) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.89) by $0.29, Zacks reports. Westport Fuel Systems had a negative return on equity of 16.12% and a negative net margin of 16.85%.

Westport Fuel Systems Stock Performance

NASDAQ WPRT traded down $0.01 on Monday, hitting $1.98. The stock had a trading volume of 73,120 shares, compared to its average volume of 39,117. The company’s 50-day moving average is $2.24 and its two-hundred day moving average is $2.83. Westport Fuel Systems has a one year low of $1.96 and a one year high of $4.81. The stock has a market cap of $34.35 million, a price-to-earnings ratio of -0.68 and a beta of 2.96. The company has a quick ratio of 1.41, a current ratio of 1.43 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Royal Bank Of Canada dropped their target price on shares of Westport Fuel Systems from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 13th. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price objective on shares of Westport Fuel Systems in a research report on Wednesday, August 13th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Westport Fuel Systems in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Westport Fuel Systems currently has an average rating of “Hold” and a consensus target price of $6.93.

About Westport Fuel Systems

Westport Fuel Systems Inc engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications in Europe, Asia, North America, South America, and internationally. The company operates through two segments, Original Equipment Manufacturers and Independent Aftermarket.