Westport Fuel Systems (NASDAQ:WPRT) Issues Quarterly Earnings Results

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) posted its quarterly earnings data on Tuesday. The auto parts company reported ($0.22) EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $66.88 million. During the same quarter in the previous year, the firm posted ($0.68) earnings per share.

Westport Fuel Systems Stock Down 2.7 %

Shares of Westport Fuel Systems stock traded down $0.11 during trading on Friday, hitting $3.94. 12,665 shares of the stock traded hands, compared to its average volume of 44,647. Westport Fuel Systems has a 52-week low of $3.91 and a 52-week high of $7.86. 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’s fifty day simple moving average is $4.47 and its 200 day simple moving average is $5.37. The firm has a market cap of $68.00 million, a P/E ratio of -2.66 and a beta of 2.84.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WPRT shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $8.00 price objective on shares of Westport Fuel Systems in a report on Thursday. StockNews.com upgraded Westport Fuel Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, HC Wainwright reiterated a “buy” rating and issued a $22.00 price target on shares of Westport Fuel Systems in a research note on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Westport Fuel Systems currently has an average rating of “Hold” and an average target price of $14.13.

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.