Westport Fuel Systems (NASDAQ:WPRT) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) from a hold rating to a sell rating in a research report sent to investors on Wednesday, June 26th, BidAskClub reports.

Several other equities research analysts also recently issued reports on WPRT. Lake Street Capital set a $50.00 price objective on shares of Shotspotter and gave the stock a buy rating in a research report on Friday, May 10th. Zacks Investment Research upgraded shares of GALP ENERGIA SG/ADR from a sell rating to a hold rating in a research report on Monday, May 27th. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research report on Monday, May 13th. Cowen reiterated a buy rating on shares of G1 Therapeutics in a research report on Friday, May 10th. Finally, HC Wainwright reiterated a buy rating on shares of Advanced Emissions Solutions in a research report on Wednesday, March 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Westport Fuel Systems currently has a consensus rating of Buy and an average price target of $4.19.

WPRT stock traded down $0.02 during trading hours on Wednesday, reaching $2.91. 281,683 shares of the stock were exchanged, compared to its average volume of 657,852. Westport Fuel Systems has a 12 month low of $1.17 and a 12 month high of $3.77. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.09 and a current ratio of 1.52. The company has a market cap of $392.14 million, a P/E ratio of -9.35 and a beta of 1.67. The firm’s 50-day simple moving average is $2.77.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last posted its quarterly earnings results on Thursday, May 9th. The auto parts company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The business had revenue of $73.19 million during the quarter, compared to analysts’ expectations of $67.23 million. Westport Fuel Systems had a negative return on equity of 33.07% and a negative net margin of 7.25%. Equities analysts expect that Westport Fuel Systems will post -0.09 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Stonehearth Capital Management LLC bought a new stake in shares of Westport Fuel Systems during the second quarter worth $28,000. Two Sigma Investments LP bought a new stake in shares of Westport Fuel Systems in the fourth quarter worth $59,000. Prescott Group Capital Management L.L.C. bought a new stake in shares of Westport Fuel Systems in the fourth quarter worth $60,000. Two Sigma Securities LLC bought a new stake in shares of Westport Fuel Systems in the fourth quarter worth $62,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Westport Fuel Systems by 58.1% in the first quarter. Oppenheimer & Co. Inc. now owns 141,200 shares of the auto parts company’s stock worth $220,000 after purchasing an additional 51,900 shares during the last quarter. 20.86% of the stock is currently owned by hedge funds and other institutional investors.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation application worldwide. It operates through Transportation and Cummins Westport Inc (CWI) Joint Venture segments. The company offers fuel systems and components a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, original equipment manufacturers (OEMs) and delayed OEMs, electronics, current and advanced research and development programs, supply chain, and product planning activities.

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