Westport Fuel Systems (NASDAQ:WPRT - Free Report) TSE: WPRT had its price objective cut by Royal Bank of Canada from $8.00 to $4.00 in a report issued on Tuesday, MarketBeat Ratings reports. They currently have a sector perform rating on the auto parts company's stock.
Westport Fuel Systems Price Performance
WPRT stock traded down $0.16 during mid-day trading on Tuesday, hitting $2.94. The stock had a trading volume of 98,868 shares, compared to its average volume of 48,057. The firm has a fifty day simple moving average of $4.07 and a 200 day simple moving average of $4.14. Westport Fuel Systems has a 52 week low of $2.75 and a 52 week high of $6.60. The company has a current ratio of 1.60, a quick ratio of 1.00 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $50.81 million, a P/E ratio of -1.97 and a beta of 2.80.
Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT last issued its quarterly earnings results on Monday, March 31st. The auto parts company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.35). 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 $75.10 million during the quarter, compared to the consensus estimate of $70.68 million. As a group, research analysts forecast that Westport Fuel Systems will post -1.69 EPS for the current year.
Hedge Funds Weigh In On Westport Fuel Systems
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. lifted its stake in shares of Westport Fuel Systems by 2,384.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 16,374 shares of the auto parts company's stock valued at $57,000 after acquiring an additional 15,715 shares during the last quarter. Millennium Management LLC acquired a new position in Westport Fuel Systems in the 4th quarter worth about $149,000. Baird Financial Group Inc. raised its position in Westport Fuel Systems by 34.6% in the fourth quarter. Baird Financial Group Inc. now owns 916,168 shares of the auto parts company's stock valued at $3,280,000 after purchasing an additional 235,610 shares during the last quarter. Finally, Grace & White Inc. NY boosted its stake in shares of Westport Fuel Systems by 40.3% during the fourth quarter. Grace & White Inc. NY now owns 1,043,980 shares of the auto parts company's stock valued at $3,737,000 after purchasing an additional 299,798 shares in the last quarter. Institutional investors own 21.30% of the company's stock.
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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