Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT announced its quarterly earnings results on Monday. The auto parts company reported ($0.59) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.35), Zacks reports. Westport Fuel Systems had a negative return on equity of 25.57% and a negative net margin of 8.01%. The business had revenue of $75.10 million for the quarter, compared to analyst estimates of $70.68 million.
Westport Fuel Systems Stock Performance
Shares of NASDAQ WPRT traded down $0.20 during trading hours on Friday, hitting $2.90. 46,645 shares of the company's stock were exchanged, compared to its average volume of 47,921. The company's 50-day moving average price is $4.10 and its 200-day moving average price is $4.16. Westport Fuel Systems has a 1-year low of $2.73 and a 1-year high of $6.69. The stock has a market capitalization of $50.12 million, a price-to-earnings ratio of -1.95 and a beta of 2.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.60 and a quick ratio of 1.00.
Wall Street Analysts Forecast Growth
Several research firms have commented on WPRT. Royal Bank of Canada lowered their target price on shares of Westport Fuel Systems from $8.00 to $4.00 and set a "sector perform" rating on the stock in a research report on Tuesday. Cormark cut their price objective on Westport Fuel Systems from $11.50 to $10.80 in a research note on Tuesday.
Check Out Our Latest Stock Report on WPRT
Westport Fuel Systems Company Profile
(
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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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