Westport Fuel Systems (NASDAQ:WPRT) Rating Lowered to Sell at StockNews.com

Westport Fuel Systems (NASDAQ:WPRTGet Rating) (TSE:WPRT) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

Westport Fuel Systems Stock Up 2.3 %

NASDAQ WPRT opened at $1.31 on Wednesday. The stock’s 50 day moving average is $1.13 and its 200 day moving average is $1.39. The company has a current ratio of 2.40, a quick ratio of 1.73 and a debt-to-equity ratio of 0.17. Westport Fuel Systems has a 12 month low of $0.95 and a 12 month high of $5.18. The stock has a market cap of $224.25 million, a PE ratio of 8.73 and a beta of 2.41.

Westport Fuel Systems (NASDAQ:WPRTGet Rating) (TSE:WPRT) last posted its quarterly earnings results on Friday, May 6th. The auto parts company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Westport Fuel Systems had a return on equity of 1.43% and a net margin of 7.69%. The business had revenue of $76.54 million during the quarter, compared to analysts’ expectations of $72.62 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Research analysts predict that Westport Fuel Systems will post -0.17 EPS for the current fiscal year.

Institutional Trading of Westport Fuel Systems

Hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its position in Westport Fuel Systems by 58.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 4,978,000 shares of the auto parts company’s stock worth $10,989,000 after purchasing an additional 1,830,000 shares during the last quarter. Toronto Dominion Bank increased its position in Westport Fuel Systems by 77.1% in the fourth quarter. Toronto Dominion Bank now owns 31,670 shares of the auto parts company’s stock worth $75,000 after purchasing an additional 13,785 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Westport Fuel Systems in the fourth quarter worth $59,000. BNP Paribas Arbitrage SA bought a new stake in Westport Fuel Systems in the fourth quarter worth $1,383,000. Finally, Acadian Asset Management LLC increased its position in Westport Fuel Systems by 296.3% in the fourth quarter. Acadian Asset Management LLC now owns 31,700 shares of the auto parts company’s stock worth $75,000 after purchasing an additional 23,700 shares during the last quarter. 24.86% of the stock is owned by hedge funds and other institutional investors.

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 worldwide. The company operates through Original Equipment Manufacturer and Independent Aftermarket segments. It offers alternative fuel systems and components, which include a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, light and heavy-duty original equipment manufacturers (OEMs) and delayed OEMs, electronics, hydrogen, and fuel storage activities.

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