Westport Fuel Systems (NASDAQ:WPRT) Releases Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) posted its quarterly earnings results on Tuesday. The auto parts company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.18), Zacks reports. Westport Fuel Systems had a negative net margin of 68.55% and a negative return on equity of 37.38%.

Westport Fuel Systems Stock Performance

Shares of NASDAQ:WPRT traded up $0.05 on Tuesday, hitting $1.93. The company’s stock had a trading volume of 42,580 shares, compared to its average volume of 456,680. Westport Fuel Systems has a 12 month low of $1.54 and a 12 month high of $3.49. The company has a market capitalization of $36.67 million, a price-to-earnings ratio of -0.51 and a beta of 2.13. The stock’s 50-day moving average is $1.97 and its two-hundred day moving average is $1.98.

Institutional Investors Weigh In On Westport Fuel Systems

An institutional investor recently bought a new position in Westport Fuel Systems stock. XTX Topco Ltd acquired a new position in Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,468 shares of the auto parts company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.11% of Westport Fuel Systems as of its most recent SEC filing. 21.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on WPRT shares. Royal Bank Of Canada cut their price target on Westport Fuel Systems from $2.00 to $1.75 and set a “sector perform” rating on the stock in a report on Monday, April 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Westport Fuel Systems in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Westport Fuel Systems has an average rating of “Hold” and a consensus target price of $4.38.

About Westport Fuel Systems

Westport Fuel Systems Inc is a Canadian-based company that designs, engineers and manufactures alternative fuel systems and components for transportation and industrial applications. Specializing in natural gas, propane and hydrogen technologies, the company develops complete fuel delivery systems, high-pressure direct injection solutions and fuel storage modules tailored for light-, medium- and heavy-duty vehicles. Its platforms are designed to reduce emissions and lower operating costs for original equipment manufacturers (OEMs) and fleet operators worldwide.

The company’s product portfolio includes compressed natural gas (CNG) and liquefied natural gas (LNG) fuel systems, electronic controls, injectors, pressure regulators and specialized fuel tanks.