Westport Fuel Systems (NASDAQ:WPRT) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Westport Fuel Systems (NASDAQ:WPRT – Get Rating) (TSE:WPRT) in a report issued on Thursday. The brokerage set a “sell” rating on the auto parts company’s stock.

Separately, Royal Bank of Canada cut their price objective on Westport Fuel Systems from $2.50 to $1.50 and set a “sector perform” rating on the stock in a research note on Wednesday.

Westport Fuel Systems Stock Down 9.9 %

Shares of WPRT stock opened at $0.81 on Thursday. The stock’s 50 day simple moving average is $1.08 and its 200 day simple moving average is $0.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.61 and a current ratio of 2.33. Westport Fuel Systems has a twelve month low of $0.75 and a twelve month high of $1.79. The company has a market capitalization of $138.08 million, a price-to-earnings ratio of -11.51 and a beta of 2.49.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. increased its position in Westport Fuel Systems by 70.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 21,226 shares of the auto parts company’s stock worth $34,000 after buying an additional 8,800 shares during the period. Cibc World Market Inc. bought a new position in Westport Fuel Systems in the 1st quarter worth approximately $51,000. Captrust Financial Advisors increased its position in Westport Fuel Systems by 107.6% in the 3rd quarter. Captrust Financial Advisors now owns 34,876 shares of the auto parts company’s stock worth $30,000 after buying an additional 18,076 shares during the period. Envestnet Asset Management Inc. increased its position in Westport Fuel Systems by 251.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 35,111 shares of the auto parts company’s stock worth $55,000 after buying an additional 25,111 shares during the period. Finally, Toronto Dominion Bank increased its position in Westport Fuel Systems by 159.5% in the 2nd quarter. Toronto Dominion Bank now owns 46,132 shares of the auto parts company’s stock worth $46,000 after buying an additional 28,357 shares during the period. 13.70% of the stock is owned by institutional investors.

Westport Fuel Systems Company Profile

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Westport Fuel Systems, Inc is a transportation technology company. It engages in the engineering, manufacture, and supply of alternative fuel systems and components. The firm operates through the following segments: Transportation, The Cummins Westport, Inc (CWI) Joint Venture, and Corporate. The Transportation segment designs, manufactures, and sells alternative fuel systems and components for transportation applications.