Westport Fuel Systems (TSE:WPRT) Shares Down 6% – Here’s What Happened

Westport Fuel Systems Inc. (TSE:WPRT) shares dropped 6% during mid-day trading on Monday . The stock traded as low as C$2.49 and last traded at C$2.49. 8,740 shares traded hands during trading, a decline of 23% from the average daily volume of 11,354 shares. The stock had previously closed at C$2.65.

Westport Fuel Systems Stock Performance

The company has a current ratio of 1.70, a quick ratio of 1.54 and a debt-to-equity ratio of 5.83. The firm has a market cap of C$47.30 million, a price-to-earnings ratio of -0.66, a price-to-earnings-growth ratio of -0.12 and a beta of 2.27. The stock has a fifty day moving average price of C$2.82 and a 200 day moving average price of C$2.78.

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

Westport Fuel Systems Company Profile

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.