Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT posted its quarterly earnings results on Tuesday. The auto parts company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.19, Zacks reports. Westport Fuel Systems had a negative net margin of 8.01% and a negative return on equity of 25.57%. The business had revenue of $66.25 million during the quarter, compared to the consensus estimate of $66.88 million. During the same quarter last year, the firm posted ($0.68) EPS.
Westport Fuel Systems Stock Performance
Shares of NASDAQ:WPRT traded up $0.10 during midday trading on Friday, reaching $4.15. The company had a trading volume of 70,347 shares, compared to its average volume of 44,907. The company's 50 day moving average price is $4.47 and its 200 day moving average price is $5.37. The company has a current ratio of 1.60, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market cap of $71.63 million, a P/E ratio of -2.76 and a beta of 2.84. Westport Fuel Systems has a 52-week low of $3.91 and a 52-week high of $7.86.
Wall Street Analyst Weigh In
Several research firms recently issued reports on WPRT. StockNews.com raised shares of Westport Fuel Systems from a "sell" rating to a "hold" rating in a research report on Wednesday, August 14th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $8.00 price objective on shares of Westport Fuel Systems in a report on Thursday. Finally, HC Wainwright reaffirmed a "buy" rating and set a $22.00 price objective on shares of Westport Fuel Systems in a report on Friday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $14.13.
Check Out Our Latest Stock Analysis on Westport Fuel Systems
About Westport Fuel Systems
(
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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.
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