Westport Fuel Systems (NASDAQ:WPRT – Get Free Report) (TSE:WPRT) issued 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 Trading Up 2.7%
Shares of NASDAQ:WPRT traded up $0.05 on Tuesday, hitting $1.93. The company had a trading volume of 42,580 shares, compared to its average volume of 456,680. Westport Fuel Systems has a 1-year low of $1.54 and a 1-year high of $3.49. The stock has a market cap of $36.67 million, a price-to-earnings ratio of -0.51 and a beta of 2.13. The stock has a 50 day moving average price of $1.97 and a 200 day moving average price of $1.98.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Royal Bank Of Canada lowered their price target on Westport Fuel Systems from $2.00 to $1.75 and set a “sector perform” rating on the stock in a research report on Monday, April 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Westport Fuel Systems in a report on Friday, July 17th. One investment 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. Based on data from MarketBeat.com, Westport Fuel Systems currently has an average rating of “Hold” and an average price target of $4.38.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Westport Fuel Systems stock. XTX Topco Ltd acquired a new position in shares of Westport Fuel Systems Inc. (NASDAQ:WPRT – Free Report) (TSE:WPRT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,468 shares of the auto parts company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.11% of Westport Fuel Systems as of its most recent SEC filing. 21.30% of the stock is owned by institutional investors.
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.
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