Westport Fuel Systems (NASDAQ:WPRT) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) in a report released on Thursday. The firm set a “hold” rating on the auto parts company’s stock.

Other equities research analysts have also issued reports about the stock. Cormark decreased their target price on shares of Westport Fuel Systems from $11.50 to $10.80 in a research report on Tuesday, April 1st. Royal Bank of Canada lowered their target price on Westport Fuel Systems from $8.00 to $4.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 1st. Finally, HC Wainwright lowered their price target on shares of Westport Fuel Systems from $22.00 to $7.00 and set a “buy” rating for the company in a report on Wednesday, April 9th.

Westport Fuel Systems Stock Performance

Shares of WPRT opened at $2.76 on Thursday. Westport Fuel Systems has a 12-month low of $2.50 and a 12-month 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 cap of $47.82 million, a PE ratio of -1.85 and a beta of 3.01. The company’s 50 day simple moving average is $3.24 and its 200-day simple moving average is $3.84.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its earnings results on Monday, March 31st. The auto parts company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.35). The company had revenue of $75.10 million during the quarter, compared to analyst estimates of $70.68 million. Westport Fuel Systems had a negative net margin of 8.01% and a negative return on equity of 25.57%. As a group, equities analysts predict that Westport Fuel Systems will post -1.69 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WPRT. Parallel Advisors LLC acquired a new stake in shares of Westport Fuel Systems in the first quarter worth $40,000. TD Waterhouse Canada Inc. increased its position in shares of Westport Fuel Systems by 2,384.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 16,374 shares of the auto parts company’s stock worth $57,000 after acquiring an additional 15,715 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Westport Fuel Systems in the 4th quarter valued at approximately $149,000. Wealthquest Corp acquired a new stake in Westport Fuel Systems in the first quarter valued at $925,000. Finally, Baird Financial Group Inc. lifted its position in shares of Westport Fuel Systems by 34.6% during the fourth quarter. Baird Financial Group Inc. now owns 916,168 shares of the auto parts company’s stock worth $3,280,000 after purchasing an additional 235,610 shares during the last quarter. Institutional investors and hedge funds own 21.30% of the company’s stock.

Westport Fuel Systems Company Profile

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.